Economic team steps forward to defend spending cap in 2021

 
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With only a few days to go until the presentation of the 2021 budget bill, the economic team is stepping forward to put the pre-pandemic fiscal path back on the tracks next year. Last Friday, Economy Minister Paulo Guedes and other officials emphasized the importance of not overriding the cap. "The mere loss of credibility of the fiscal consolidation process would cause interest rates to rise and private investments to shrink, which would harm the country's economic growth and...

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