Brazil’s primary surplus well below target because of ‘government efforts to prop the economy’

Thursday, May 2nd 2013 - 07:29 UTC

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Brazil posted a budget primary surplus of 3.5 billion Reais (1.75bn dollars) in March, recovering after a deficit in February, but still the worst performance in the first quarter of the last four years, according to central bank data released this week. Read full article

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ChrisR
There is an old saying which goes “you want to have you cake and eat it”.

What Brasil is doing is attempting to let others have their cake and the government still wants it.

Is this a surprise to anyone with a brain (it excludes Brazilian)?

NO, I didn't think so.

It would be great if the unions shut up shop and let their members earn their living for a change. Reducing primary costs (and the dead hand of government on employers) is the ONLY way for Brasil to be consistently competitive in the world.
May 02nd, 2013 - 06:11 pm - Link - Report abuse 0
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