Even before his Jan. 1 inauguration, Lula secured congressional approval to spend an additional 168 billion reais ($32.4 billion) this year to deliver on campaign pledges. The money will fund expanded cash transfers to the poor; public-health programs; and pay increases for public workers. The extra spending will result in a budget gap equal to almost 2% of gross domestic product in 2023, before interest payments.
“These ideas are five centuries old, starting with Machiavelli’s The Prince: First you do the hard stuff, and then, if you plant the right seeds, the future will reward you,” says Arminio Fraga, a former central bank president who co- manages hedge fund Gávea Investimentos Ltda. “But we’re going in the opposite direction.”
هذه القصة مأخوذة من طبعة January 16, 2023 من Bloomberg Businessweek US.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 16, 2023 من Bloomberg Businessweek US.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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