'The fiscal framework should not limit the role of the state in the economy', argues economist

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The Ministry of Finance must present its proposal for a fiscal framework, that is, a new fiscal rule to balance government revenues and expenses, replacing the spending ceiling. The proposal should reach the National Congress at the end of March, as a Complementary Law.

For economist André Biancarelli, director of the Unicamp Institute of Economics and researcher at the Center for Economic Studies and Policy Studies (Cecon), the definition of a new rule is necessary. Biancarelli states that the spending cap “proved to be a disaster” for several reasons, but mainly because it limited economic growth and was not feasible.

In this interview, the professor delves deeper into this issue and talks about other recent topics in the Brazilian economy, such as the autonomy of the Central Bank, interest rates and inflation.

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Production: Tote Nunes

Interview: Tote Nunes and Patricia Lauretti

Images: Kleber Casablanca and João Ricardo - Boi

Audio: Octávio Fonseca

Cover photo: Felipe Bezerra

Cover: Paulo Cavalheri

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For André Biancarelli, the definition of a new rule is necessary

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