The real lesson behind Brazil’s mess published by BloombergView (5/2016). “Under the law, any expenses that weren’t set out in the budget, especially if they recurs, are considered unauthorized, illegal and damaging to public coffers…Perhaps one way to start is to carefull audit all government expenses. Every time public money goes into the pocket of a politician instead of into schools and hospitals, it comes out of the budget and hence puts spending a little bit closer to breaching the fiscal responsibility law.”
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