Brazil’s Structural Fiscal (Oreng)

Brazil’s structural fiscal balance by Mauricio Oreng published by Itaú. “in this paper, we provide new, updated estimates for Brazilian public sector’s structural primary fiscal balance. The current fiscal framework needs to include incentives to save in expansionary years. The use of structural primary balance targets could generate a leaning against the wind fiscal policy. In our view, this new policy setting would help boost public savings and investment, increasing potencial GDP growth.”