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BRAZIL: Haddad Says No Solution for Economy That Does Not Involve Growth

BRAZIL
  • Comments filtering through from Finance Minister Haddad via Reuters:
    • "Brazil finance minister Haddad says map of fiscal risk of judicial nature in Brazil fell 50%
    • "If you control primary and tax expenditure, financial expenditure will naturally go down"
    • "There is no solution for the Brazilian economy that does not involve growth"
    • “Social security expenditure has changed into a lower level more recently”
    • “If you tighten the monetary policy too much at a time when you may have momentary external turbulence, you may abort the process of combating inflation via the supply side”
    • “We are experiencing friction between branches, but we will emerge from it stronger"
    • “It's a lot of fighting, but I think we're winning the dispute over narratives of what needs to be done"
    • “We presented tax income reform scenarios to President Lula”
    • “Everything points to the completion of voting on the consumption tax reform this year”
    • “Lula will decide whether tax reform on income will be sent this year or the next”
EM BulletBulletGlobalEmerging Market NewsRegion
EM BulletBulletGlobalEmerging Market NewsRegion

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