Fiscal arrangements in Brazil severely constrain the federal government's ability to fulfill its mandate as a national government. Municipal governments, meanwhile, have more revenues than they need, encouraging fiscal mismanagement. Reform is urgently needed to counteract Brazil's fiscal imbalance.
Fiscal arrangements in Brazil severely constrain the federal government's ability to fulfill its mandate as a national government. Municipal governments, meanwhile, have more revenues than they need, encouraging fiscal mismanagement. Reform is urgently needed to counteract Brazil's fiscal imbalance.