Main challenges for Brazil’s public finances, by Teresa Ter-Minassian. Following decades during which endemic weaknesses and inadequate control of the public finances contributed importantly to macro-economic instability in Brazil, the country embarked in the late 1990s on a sustained fiscal adjustment marked by high and rising primary surpluses of the consolidated public sector. This paper provides a compact overview of these short and medium-term challenges.
Brazil’s public finances (Ter-Minassian)
