After attacking the spending cap, the future Minister of Finance, Fernando Haddad (PT, progressive-globalist), doubled down and defended replacing the fiscal austerity mechanism.
"Everyone knew it was a precarious way out; it was not sustainable," he said in an interview with GloboNews on Wednesday, Dec. 14.
In place of the mechanism, Haddad wants to put a "new fiscal anchor" at the beginning of the year, to be done by complementary law, and also promised to "unlock" Public-Private Partnerships as a means to make investments.
The president will present the proposal at the beginning of next year.
Haddad denied . . .
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