Status: Draft -- Not PublishedWill be live at 02/15/2022 07:30
Economic Views: Brazil’s Tax Cuts and Fiscal Risk
- We have been more constructive than consensus on Brazil, …
- despite the relaxation of the spending cap agreed last year, …
- spending in 2022 will still be lower than before covid.
- However, tax cuts under discussion complicate the picture, …
- as they have the potential to compromise debt stabilization.
- We will turn less constructive if large tax cuts are approved.
