According to a recent report published by the World Bank, the Brazilian government overspends and wastes money. The study, “A fair adjustment: An analysis of the efficiency and equity of spending in Brazil,” analyzed eight areas of public spending in Brazil. It graded them based on three criteria: how much of the federal budget they make up; how efficient they are; and how much they contribute to reducing Brazil’s levels of inequality.
The report’s conclusions state that while the Brazilian government has “consistently” increased public spending – to the point of jeopardizing the country’s solvency – the levels of inequality have not been reduced. Brazil’s fiscal deficit has reached 8 percent of the GDP, and the public debt...
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