Politics · Brazil · 4 hrs ago

Researcher says Lula's measures could worsen Brazil's economic and institutional crises

Researcher says Lula's measures could worsen Brazil's economic and institutional crises

Brazil’s government has proposed free public transport on weekends, to be funded through a constitutional amendment sent to Congress.

Researcher Marcos Mendes of Insper says the proposal and other measures announced by President Luiz Inácio Lula da Silva lack enough technical study.

He says there is not enough reliable information about transport costs and operator revenues to justify increasing public subsidies.

Mendes also criticizes government and oversight institutions for not adequately assessing the measures, and says this weakens checks on government power.

He warns that the broader package could raise inflation, interest rates and household debt, while economic growth approaches zero.

The government plans to send the transport proposal to Congress, but the text gives no date for that step or outcome of a vote.

1 source

Related

What people are saying

Marcos MendesInsper associate researcher
A swarm of measures, all of them with electoral impact, without any technical research behind them
via CNN Brasil
The institutions are not functioning
via CNN Brasil
The Fiscal Responsibility Law is being absolutely disrespected in broad daylight, nobody does anything, so democracy itself is not functioning with its checks and balances
via CNN Brasil
The economy is heading toward growth very close to zero
via CNN Brasil