Brazil has been restricted by this fiscal spending cap that was put in place in 20 16. It restricts the growth of spending each year to the inflation rate. So brazil can't spend any more than that. You no slght increase because of inflation and n so that makes it really hard to introduce sort of expansive social programmes. But on the other hand, more and more of the budget each year is eaten up by what they call mandatory spending on things like pensions and salaries. There's very little room for investment in social programmes. I cobea teira to com log after them. Noting in but m program o teveti minten 52 devon or taatemo
Luiz Inácio Lula da Silva, a leftist former president, looks well-placed to win a third term. But which Lula would Brazil get—the fiscal conservative or the populist spendthrift? Germany has an earned reputation as an industrial powerhouse, but its dependence on Russian gas and Chinese demand are hobbling it. And why the propaganda-spewing loudspeakers in Vietnam’s capital are firing up again.
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