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“Spending cap busters are winning the war in Brazil,” says Tendências economist

RIO DE JANEIRO, BRAZIL - Despite the prospect of an agreement between the government and Congress for the sanction of this year's Budget, the Brazilian fiscal problem is far from a solution. This is the assessment of economist Nathan Blanche, partner at Tendências Consultoria Integrada, to whom Brazil's fiscal situation is the most worrying since the Collor government (1990-1992).

Blanche says that Minister of Economy Paulo Guedes, has become a "hostage" of politics and is losing the war to the "cap busters" - a reference to politicians and other members of the government who advocate a relaxation of . . .

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