Publication: Brazil - Improving Fiscal Circumstances for Growth
Date
2007-03
ISSN
Published
2007-03
Author(s)
Abstract
Fiscal circumstances in Brazil are a key
constraint to faster and more robust economic growth. In
part, this is due to accumulated public sector deficits in
earlier periods that are represented in Brazil's
persistently high net public sector debt (currently about 50
percent of GDP). During the 1980s and mid-1990s high debt
was associated with debt crises and hyperinflation. Budget
rigidity, especially revenue earmarking, restricts policy
action to resolve the fiscal conundrum.
Citation
“Weisman, Ethan; Blanco, Fernando. 2007. Brazil - Improving Fiscal Circumstances for Growth. en breve; No. 104. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/ed860240-0392-59fd-a0eb-f7f9cd82014c License: CC BY 3.0 IGO.”