Brazilian sugar mogul criticizes President Lula's fiscal policy, arguing it doesn't reduce public debt or lower interest rates.
Brazilian sugar mogul and Cosan SA chairman criticized President Lula's fiscal policy, stating it doesn't reduce public debt and will keep interest rates high. The fiscal framework allows for spending increases as revenue grows, rather than debt reduction and lowering borrowing costs. The tax reform was approved through concessions, and the government has since sought to change rules for raising more revenue.
June 08, 2024
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