With the nominal government deficit reaching 10% of GDP, which previously concerned only economists, market share and a few politicians overflowed into larger circles, reaching the electoral arena. Discontrol was allowed by the intentional fragility of the so-called fiscal archabouço – the petist magic sold as an anchor for expectations, but that floats to the taste of political demands. Under the applause of many and warnings of few, the invent…
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With the nominal government deficit reaching 10% of GDP, which previously concerned only economists, market share and a few politicians overflowed into larger circles, reaching the electoral arena. Discontrol was allowed by the intentional fragility of the so-called fiscal archabouço – the petist magic sold as an anchor for expectations, but that floats to the taste of political demands. Under the applause of many and warnings of few, the invent…