RIO DE JANEIRO, BRAZIL - These cities are among those that have grown the most in the state of São Paulo in recent years, achieving significant successes in various sectors.
However, these advances have required a significant effort to adjust municipal finances. For example, the mayor of Ribeirão Preto, Duarte Nogueira (PSDB), says he has managed to reduce his debt from 32% to 23% of net revenues from 2017 to 2020.
Mayor Gustavo Henric Costa (PSD), who is already in his second term for the PSD in Guarulhos, reported that he started with a public debt equal to 105 . . .
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