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Brazil Finance minister disregards calls from Lula for tax breaks and more credit

Wednesday, March 30th 2016 - 08:32 UTC
Full article 8 comments

Brazilian Finance Minister Nelson Barbosa said on Tuesday it is not the time for more tax breaks, disagreeing publicly with former president Lula da Silva's call for fiscal stimulus to revive a moribund economy. Read full article


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  • Skip

    More credit?

    More tax breaks?

    How about REFORM!!!!!


    Get rid of the waste.
    Get rid of the bottlenecks.

    This Lula guy is a bloody idiot. He think that because he presided over a boom that he knows how to manage an economy. Any idiot can ride a boom. It is how you deal with the bust that shows true talent.

    And so far Brazil is proving talentless in this respect.

    As incompetent as my government can be at times, at least they are using the end of the resources boom to talk about reforming taxation, federation, education. They are also chasing free trade deals and trade liberalisation to create new export opportunities.

    Mar 30th, 2016 - 09:27 am - Link - Report abuse 0
  • ChrisR

    @ 1 Skip

    Brazil cannot reform with the present party in power because they would all suffer massive reductions in 'income'.

    Mar 30th, 2016 - 12:08 pm - Link - Report abuse 0
  • Jack Bauer

    Once again the LullaRat proves that he has been the president 'de facto' since 2011, and that Dilma is just his puppet. He is so bloody ignorant that he carries on trying to convince the Finance Minister to adopt the exact same policies which contributed to the crisis...more populism : more easy credit at high interest rates that many can't pay, and of course - tax breaks - just the thing to reduce the government's revenues even further ; but d'you think he cares ? not one bit, he thinks he's already guaranteed his future through massive stealing and corruption......but there are people who think differently, such as Judge Sergio Moro...Goodbye LullaRat !

    @1 & 2 Skip, Chris
    you both must have seen that yesterday, the PMDB has abandoned the (sinking) boat ; While it's obvious that they are doing it only to try to save their own skin, the fact is that the Dilma is now considerably weaker - as if that were possible - and should speed up her demise.

    Mar 30th, 2016 - 02:36 pm - Link - Report abuse 0
  • Lucifer

    The Marxist Terrorists running the country will be gone shortly.
    It's happening all over the world
    Leftists have tried to destroy USA UK EU Arg Ven Brazil and on and on but the people are wising up and the pendulum is swinging.
    About time

    Mar 30th, 2016 - 07:11 pm - Link - Report abuse 0
  • Skip

    What is happening “all over the world”?

    Your ignorance?

    Most Australian state governments are 'left'.

    As an American you are not only ignorant of what the rest of the world is like but continue to assume that your political spectrum is the same as others.

    Mar 30th, 2016 - 09:15 pm - Link - Report abuse 0
  • Jack Bauer

    @5 Skip
    Nothing wrong with a moderate 'left'....but the direction we were going in Brazil, was what the radicals here like to call 'democracy', but anyone with even half brain knows it's anything but that....
    The PT's idea of democracy and 'left' is the same as Hugo Chavez's dreams for VZ...

    Mar 30th, 2016 - 09:44 pm - Link - Report abuse 0
  • Skip

    Oh I agree Jack.

    But some simpletons equate anyone left of their position as being the exact same.

    Societal expectations mixed with a deficient education.

    Politicians don't have to be 'left' to succumb to populism like Brazil is experiencing. The US primaries are proof of that.

    Mar 31st, 2016 - 06:20 am - Link - Report abuse 0
  • Lucifer

    Austrailia is barely part of the world.
    Might as well talk about Guam for all that it matters to anyone.

    Rest of the world; UK, France Germany, Scandanavian Countries, USA, Argentina, Brazil, the list goes on and on. World is moving Right and that's a good thing.
    Austrailia doesn't have any decent schools so I don't know how you could claim to have a good education. Unless your major is Kangaroo boxing.

    Mar 31st, 2016 - 04:37 pm - Link - Report abuse 0

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