Rousseff calls on fractious cabinet to embrace belt-tightening to restore growth

Wednesday, January 28th 2015 - 07:40 UTC

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Brazil's President Dilma Rousseff has urged her cabinet to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term. Read full article

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Jack Bauer
“Rousseff calls on fractious cabinet to embrace belt-tightening to restore growth”...

In theory, sounds nice...but what she could, and won't do, is reduce the number of Ministries, currently at 39...Is this really necessary, other than to attend the aspirations of her Worker's Party (PT), in order to employ all their cronies ? Why doesn't she also reduce, or better, abolish all the absurd benefits of Congress, politicians and normal employees, alike ? Ministers and Senators costs the country US$ 15 million per head, per year, each member of the Lower House costs us US$ 6 million per year....but obviously that still ain't enough, so they need to steal.
Latest news is that 'part' of the what was stolen from Petrobras, over the last few years, amounts to R$ 88 billion....Considering the current value of its shares, that's practically what the company is worth today (or, 20% of its market value 8 years ago).
Jan 28th, 2015 - 05:36 pm - Link - Report abuse 0
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yankeeboy
They estimate PetroBras needs U$20B to make it...

For so long they thought PB would save the country how funny its seems to be bringing it down...
:)
Jan 29th, 2015 - 01:11 am - Link - Report abuse 0
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Jack Bauer
PB just published its balance sheet.....showed a profit of about R$ 3 billion.....BUT, ignored the R$ 88 billion that was stolen over the last 10 years....the company's CEO said it would be completely impracticable to consider that as a loss......as it is irrelevant. At best, it could be considered as the cost of investment....nice twist of words, but no credibility whatsoever. If the government weren't the main shareholder, that CEO and the whole directorate would be rotting in jail.
Jan 29th, 2015 - 02:55 pm - Link - Report abuse 0
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