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Brazil Fiscal Challenges (Carvalho)

Available on the internet, the analisys Brazil: Longer-Term Fiscal Challenges, signed by Marcelo Carvalho, concluding that: “… we suspect the new administration to take power in 2011 will face three longer-term fiscal challenges – contain non-investment spending growth, curb the tax burden and lay out a clear medium-term fiscal framework”. The note was published by Morgan Stanley Research, November 2009. See:


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