The tug of war in cost cutting THE SUBJECT

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Published on Oct 31, 2024
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The reality of the numbers is relentless: from January to August of this year, the Brazilian public sector recorded a deficit of R$86 billion and the debt-to-GDP ratio exceeded 78.5% – a higher ratio than the average for developing countries, of which Brazil is a part. The good performance of the GDP – above market consensus – and the positive assessment by the credit rating agency Moody's signal the virtues of the economic policy, but the rising curve in interest rates and the risk of breaching the ceiling on the inflation target are warnings that require a response from the government. The expectation was that immediately after the election, the economic team would announce a major spending cut that would demonstrate that the fiscal framework – which foresees zeroing the public deficit by 2025 – is still in place. So far, the package has not been released, nor has the Lula government signaled how and where the cuts will be applied. To analyze the fiscal trajectory of Brazil's public accounts and comment on the proposals on the president's desk, Natuza Nery talks to Bruno Carazza, columnist for the newspaper Valor Econômico, economic commentator for Jornal da Globo and associate professor at Fundação Dom Cabral. #thesubject ---------------------------------------------------------------------------------------------------------------------------------------- Hello! This is the g1 channel, Globo's news portal. Here we will bring videos to inform, inspire and entertain. Want to understand a fact? Come with us! ???? Want to see cool stories? Come with us! ???? Want to know what's going on? Come with us! ???? Check out all our playlists! https://bit.ly/3zdXlHY Follow us and activate the bell ???? to find out everything that's going on here on the g1 channel on YouTube. You can come in, feel free to share with your friends and don't forget to subscribe, okay? https://glo.bo/3pIZyHL ???????????? And much more content on g1.com.br g1 on Social Networks: TikTok - glo.bo/33cZzg1 Kwai - glo.bo/3pJoShs Facebook - facebook.com/g1 Twitter - twitter.com/g1 Instagram - instagram.com/portalg1/ #g1 #news

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