The Folha newspaper, in a biased manner, says that Brazil, with the second-largest deficit in the world, has its fiscal accounts under control.
The main story in Saturday's edition of the newspaper says that Brazil "has inflation and public spending under control," four days after the release of a Credit Suisse study indicating that the deficit in Brazil's public sector accounts will only be surpassed by Venezuela's between 2015 and 2018; according to the study, without taxes, Brazil will not be able to control its debt.
247 - A front-page story in Folha de S.Paulo This Saturday, the 18th, it fulfills its pro-government role right from its first line, stating that Brazil, under the Temer government, "has inflation and public spending under control."
For this reason, in addition to "the ongoing pension reform," the newspaper says, "the government has decided to accelerate a package of measures that, if implemented as planned, could attract R$ 371,2 billion in investments over ten years and give a further boost to the economy."
The Folha newspaper report comes four days after the release of a Credit Suisse study indicating that the deficit in Brazil's public sector accounts will be second only to Venezuela's between 2015 and 2018, and that without taxes, Brazil will be unable to control its debt.
"According to the bank, the recent adoption of a ceiling to limit the expansion of government spending and the possible approval of the pension reform will be insufficient to avoid this scenario," Folha itself reported when reproducing the study last Tuesday, the 14th.