Market friendly

Article Abstract:

The Brazilian economy has long been affected by the cost of servicing the national debt, much of which is short term with interest rates that vary. The government has announced a move to use more long-term debt with lower interest rates. These changes have been welcomed by financial markets. Brazil has also benefited from a drop in interest rates, and could achieve a budget surplus prior to interest payments, an achievement that is essential in order to prevent the growth of debt as a proportion of the country's gross domestic product.

Government Bonds, Government securities

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Itamar Franco takes his revenge

Article Abstract:

A debt moratorium declared by Minas Gerais state, Brazil, has triggered the devaluation of the Brazilian real and stock price declines. The moratorium was necessary, according to state governor, Itamar Franco, due to the weak financial position of the state. Other Brazilian states face similar problems, though their governors have tended to support the Brazilian president, Fernando Henrique Cardoso, in his condemnation of Franco.

Public Finance Activities, Brazil, Public Admin & Finance-State & Local, Finance, Public finance, Public administration, Minas Gerais, Brazil

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In hock, again

Article Abstract:

The problem of public sector debt in Brazil is examined in detail. Lower inflation has mean that debt is more of a problem, and the currency could be affected if there are concerns about a default.

Economic aspects

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