Brazil Candidates Avoid Tough Fiscal Reforms
Brazilian presidential candidates are focusing fiscal plans on voter-friendly measures before the runoff vote. Economists note that deeper reforms to tackle rising debt will likely wait until after the election.
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Brazil presidential candidates are focusing fiscal plans on voter-friendly measures ahead of the runoff, avoiding structural reforms to curb rising debt. Gross debt reached 82.9% of GDP during President Luiz Inacio Lula da Silva's term. Both campaigns are sidestepping unpopular measures to tackle mandatory spending until after the election.
