Brazil’s Chief of Staff Vs Finance Minister Feud Is Over

Brazil’s Minister Jaques Wagner, head of the Secretariat of Institutional Relations declared that "the page has been turned" ("página virada") on the recent differences of opinion between the ministers of the Casa Civil, Dilma Rousseff, and Finance, Antonio Palocci.

"Due to the nature of their work, this kind of dispute is natural. Rousseff deals with the execution of the budget and Palocci controls the budget.

"The important thing here is that the President has decided that the primary surplus target is 4.25% of GDP – no more, no less. That is the end of the matter," said Wagner.

Rousseff, the presidential Chief of Staff, has publicly called for more government spending, which was rebutted by Palocci in congressional testimony, although he admitted that a more "sympathetic" attitude toward spending would not hurt.

So far this year Brazil is running a cumulative primary surplus of US$ 3.871 billion (8.553 billion reais), the equivalent of 5.97% of GDP.

Brazil’s GDP, from January to October of this year, reached US$ 720.11 billion (1.6 trillion reais).



  • Show Comments (1)

  • Guest

    Secretariat of Institutional Relations
    Poor lady this Juliana Cézar Nunes .

    Is there any American dictionary with the word:
    Secretariat ?

    If you find one, let me know.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Brazilians Buy 40% More Rugs from Arab Countries

Brazil is one of the importers of the famous carpet industry of the Arab ...

In Brazil Inflation Falls, Unemployment Rises, Real Zooms Up 26%

The inflation index in Brazil fell to a seven-month low in February mitigating concerns ...

Brazil’s Petrobras Chooses U.S. PR Firm

Brazil’s oil giant Petrobras – Petróleo Brasileiro S.A., has chosen global investor and public ...

US Group Calls for Immediate Debt Cancellation for LatAm Countries

Neil Watkins, National Coordinator of the Jubilee USA Network, a group that seeks debt ...

A Virtual Market of Eco-Friendly Amazon Products

Through the National Forest Program, Brazil’s Ministry of Environment is participating in Fashion Rio ...

Scared of Bird Flu, Chicken Farmers in Brazil Demand Prompt Action by Government

The Brazilian Association of Chicken Exporters (ABEF), Monday, February 20, urged the federal government ...

Brazil’s Finance Minister Might Step Down to Coordinate Lula’s Reelection Campaign

Latin American stocks advanced, with Brazilian shares gaining on continued investor enthusiasm over Brazil’s ...

25 de Março: Gathering the Stories of a Very Arab and Busy Street in Brazil

Registration for the film contest “The Arabs and 25th of March Street” (Os árabes ...

Foot and Mouth Disease Hits Brazil with Close to US$ 2 Billion in Losses

Foot and mouth export losses are estimated to reach US$ 1.7 billion given the ...

Food Prices Slow Inflation in Brazil

The Brazilian Institute of Geography and Statistics (IBGE) announced today that the Broad Consumer ...