RIO DE JANEIRO, BRAZIL – The study conducted by the Fiscal Policy Observatory of the Getúlio Vargas Foundation’s Brazilian Institute of Economics (Ibre/FGV), between 2010 and 2019, on the development of public spending by the federal government, included a list that ranks Brazil 22nd, with an increase of 4.34 percentage points of GDP, compared to 31 countries.
First place is taken by China, which increased spending by 8.9 percentage points of GDP, followed by Paraguay, Norway, Argentina, Uruguay and South Korea.
The ranking was based on data from the International Monetary Fund’s (IMF) World Economic Outlook report, which shows that public spending in Brazil fell by 2.04% of GDP between 2010 and 2019.
In the IMF’s Fiscal Monitor report, the data presented are often different than those released by the Treasury. For the Fiscal Policy Observatory, these differences show how sensitive rankings are and should be used with great caution.
Source: O Estado de S. Paulo