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Fiscal Policy

Loosening fiscal policy

The government’s latest change to financing rules leads to criticism over its credibility.

25 April 2013

More industry woes

Declining industrial production provokes calls for reduction of bureaucracy and the tax burden.

08 April 2013

Mantega "hanging on by a thread"

Despite persistent rumours to the contrary, the consensus among commentators is that finance minister Guido Mantega will remain in his post.

14 February 2013

BNDES firepower lights up 4Q

Disbursements by the development bank rose nearly 30% YoY, raising expectations that the fall in investment may be over

22 January 2013

A fiscal shift

Local economists have been quick to criticise the government’s moves to loosen the purse strings.

11 October 2012

Starting to grasp the tax nettle

Reform of the value-added ICMS tax is welcome, and more moves should come before the end of the year.

05 July 2012

Slow growth

Local commentators find little sunshine in first-quarter growth figures

08 June 2012

Avoiding economic gridlock

For anyone stuck in São Paulo's nightmarish traffic jams – as I was repeatedly this week – more cars on the road seems like the last thing Brazil needs. 

08 June 2012

Brazil’s new policy mix needs another stir

The transition to tight fiscal policy and loose monetary policy has some way to go, says Pedro Carvalho de Mello

08 June 2012

Stimulus, again, and growth

Forecasters see a sharper slowdown this year, followed by a stronger recovery in 2013.

24 May 2012