To learn more – Episode Spending Cap – Daniel Couri
This week's Economist focuses on the Spending Cap, introduced into the Constitution in December 2016, which has been the subject of much debate ever since: what is its impact on the lives of the Brazilian people? Will the cap cause investment in education and health to fall? What are its real implications, and how does the polarization of political discussion in Brazil impact its applicability? For this discussion, Professor Pedro Fernando Nery invites Daniel Couri, budget consultant for the Federal Senate and Director of the IFI (Independent Fiscal Institution).
Articles:
Rules allow breaking the spending cap 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:
