Business

Brazilian government could run out of money by 2020

Brazilian government could run out of money by 2020

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...

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