After two months leading the Brazilians, Michel Temer finds the first reasons to cheer up. Notwithstanding much criticism, his popularity slightly increased in the last month.
This government struggles for credibility since day one. Austerity and the political rhetoric of efficiency are the major mottos, at least up to now.
Those arguments have generated a reliable growth in some key areas such as the industrial sector.
Some measures and overall aims are noteworthy. The reduction of nine ministries led to a freezing of comissioned posts. Positive as well, was sending a proposal for a constitutional amendment that limits the increase in public expenditure to inflation of the previous year.
Brazil urgently needs to carry out a fiscal adjustment. Surely some unpopular measures are necessary. Pension reform and the welfare state is directly related with the great turmoil Brazil has in state coffers.
No comments:
Post a Comment