Episode 12: Spending Ceiling, with Daniel Couri
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To find out more – Spending Ceiling Episode – Daniel Couri
This week's Economist's theme is the Spending Ceiling, introduced into the Constitution in December 2016, and which has been the subject of major debates since then: what is its impact on the lives of the Brazilian people? Will the ceiling cause investment in education and health to fall? What are its real implications, and how the polarization of political discussion in Brazil impacts its applicability. For this discussion, professor Pedro Fernando Nery invites Daniel Couri, budget consultant for the Federal Senate and Director of IFI.
Articles:
Rules allow breaking spending ceiling without abandoning fiscal adjustment
Studies:
Fiscal consolidation, long-term interest rates and GDP in Brazil: Preliminary results
Second-Generation Fiscal Rules: Balancing Simplicity, Flexibility, and Enforceability
Book: