The IMF has urged Brazil to save its oil revenue windfall and tackle rigid spending, warning the cash could either steady public debt or be frittered away.
Brazil · Economy
Key Facts
—The advice. An IMF review urged Brazil to save its oil-related revenue rather than spend it as it arrives.
—The reason. Saving the windfall, the Fund said, would help put public debt on a firmer downward path.
—The harder fix. It also called for tackling spending rigidities, the large share of the budget locked in by law.
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