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Adviser To Lula Expects 2023 Spending Boost


Brazil’s next president will have to temporarily increase public spending to fight poverty and unemployment, according to a close economic adviser to Luiz Inacio Lula da Silva, who leads opinion polls ahead of the October vote. (Bloomberg)

  • Nelson Barbosa is against fuel price controls, favours smoothing out rises
  • Brazil will have to boost spending in 2023
  • Brazil's current spending cap rule is unfeasible
  • Brazil needs to change cap rule in overhaul of fiscal laws
  • Brazil's tax reform needs more progressive taxes (All BBG)

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