Diplomacia e Relações Internacionais
Dilapidando recursos do país numa coisa que nunca foi um fundo e muito menos soberano. Só mais uma das esquizofrenias econômicas dos companheiros. Enfim, um crime econômico dos piores que eles já cometeram. O Brasil deve ter perdido, por baixo, 5 a 7 bilhões de dólares nessa loucura.
- Ufc Economico: Brazil’s Election: In Face-off With Mantega, Fraga Disappoints (ft)
Brazil’s election: in face-off with Mantega, Fraga disappointsSamantha Pearson The Financial Times, 10/10/2014 It was set to be one of the biggest massacres of Brazil’s election. On Thursday night Guido Mantega, finance minister, went head-to-head...
- Eleicoes 2014: Um Possivel Ministro Da Fazenda, Arminio Fraga - The Wall Street Journal
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- Brasil: Ambiente De Negocios Tende A Deterioracao, Dizem Investidores Estrangeiros (bloomberg)
Pessimism on Brazil Soars to Record in PollBy Raymond Colitt - Bloomberg News, Nov 20, 2013 9:00 PM ETFacebook ShareTweetLinkedInGoogle +15 COMMENTSPrintQUEUE QInvestors have never been more pessimistic about Brazil President Dilma...
- As Propostas Economicas Dos Candidatos - Reuters
Economic proposals of Brazil candidates By Raymond Colitt Reuters, October 28, 2010 BRASILIA, Oct 28 (Reuters) - Ruling party candidate Dilma Rousseff heads into this Sunday's runoff vote in Brazil's presidential race as the clear favorite against...
Diplomacia e Relações Internacionais
Fundo Soberano: mais um crime economico companheiro...
Dilapidando recursos do país numa coisa que nunca foi um fundo e muito menos soberano. Só mais uma das esquizofrenias econômicas dos companheiros. Enfim, um crime econômico dos piores que eles já cometeram. O Brasil deve ter perdido, por baixo, 5 a 7 bilhões de dólares nessa loucura.
Paulo Roberto de Almeida
Brazil finds novel way to repair budget deficit
Joe Leahy
Blog BeyondBrics, Financial Times, 24/09/2014
What is this? Brazil is withdrawing $1.5bn from its sovereign wealth fund to plug a hole in its budget.
President Dilma Rousseff justified the move saying the sovereign wealth fund was the equivalent of saving for a rainy day – and that a rainy day had arrived. With Brazil’s economy not growing, the government is missing its budget targets.
This from Itaú Unibanco:
In its 4th budget review of the year, the Planning Ministry reduced its GDP growth forecast to 0.9 per cent from 1.8 per cent and lowered expected revenues (net from transfers to state and municipalities) by R$10.5bn. This reduction was partially compensated by an expected withdrawal of R$3.5bn fromBrazil’s sovereign wealth fund… Our forecast for the primary fiscal surplus this year is 1.1 per cent of GDP (target: 1.9 per cent of GDP). The bulk of the difference from our forecast to the target is lower revenues.
Critics argue the sovereign wealth fund would be better used for investment in such a way as to avoid adding to inflationary pressures in the economy.
Marina Silva, Rousseff’s main challenger at elections on October 5, said the use of the fund to balance the public accounts “demonstrates clearly that the government has put at risk the country’s stability and growth.”
However, the government’s use of the funds to plug its budget deficit is unlikely to affect its electoral chances. Brazilian voters appear to be more concerned with jobs than with other macro-economic headlines. And unemployment is the one thing that is still going right for the government, with joblessness remaining low.
This and a determined campaign of attack by Rousseff against her chief electoral rival has helped the incumbent recover lost ground in the polls. This week, polls showed she is now numerically equal with or ahead of Silva in a second round run-off that would take place on October 26 if no candidate wins an outright majority.
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- Ufc Economico: Brazil’s Election: In Face-off With Mantega, Fraga Disappoints (ft)
Brazil’s election: in face-off with Mantega, Fraga disappointsSamantha Pearson The Financial Times, 10/10/2014 It was set to be one of the biggest massacres of Brazil’s election. On Thursday night Guido Mantega, finance minister, went head-to-head...
- Eleicoes 2014: Um Possivel Ministro Da Fazenda, Arminio Fraga - The Wall Street Journal
Politics Brazil Ex-Insider Returns to Help Oust President Luciana Magalhães The Wall Street Journal, August 12, 2014 With slow growth and high inflation hurting Brazilian President Dilma Rousseff's chances of winning a second term, a financial heavyweight...
- The Economist Tambem Critica O Keynesianismo De Botequim (talvez De Pileque...)
Brazil’s economy: The deteriorationSlow growth, stubborn inflation and mounting deficits The Economist, December 5, 2013 A SINGLE economic figure can boost or batter a politician’s standing. That makes it tempting to offer sneak peeks of the...
- Brasil: Ambiente De Negocios Tende A Deterioracao, Dizem Investidores Estrangeiros (bloomberg)
Pessimism on Brazil Soars to Record in PollBy Raymond Colitt - Bloomberg News, Nov 20, 2013 9:00 PM ETFacebook ShareTweetLinkedInGoogle +15 COMMENTSPrintQUEUE QInvestors have never been more pessimistic about Brazil President Dilma...
- As Propostas Economicas Dos Candidatos - Reuters
Economic proposals of Brazil candidates By Raymond Colitt Reuters, October 28, 2010 BRASILIA, Oct 28 (Reuters) - Ruling party candidate Dilma Rousseff heads into this Sunday's runoff vote in Brazil's presidential race as the clear favorite against...