BRAZIL:To raise or not to raise taxes, that is the question.

Tax increase is one of the main challenges Henrique Meirelles (finance minister) faces in the future. Tax burden will be higher or not depending on government revenues. These have been dropping since last year. It should be remembered public debt already exceeds 70% of the GDP.

That's why Meirelles assumes a number of measures which are needed to be adopted:

First of all, it's necessary to let the market stabilize. Only this way the economy will recover.

This interim government has already made clear that is a supporter of privatisations. The economic predicament Brazil lives demands tough measures. And privatisation can generate increased revenue.

Wait for the approval of the social security reform planned for 2017.

Make viable and effective a maximum level of government spending.

Tighten the belt applying efficient economic measures is a must for today.