Funchal appointment shows commitment to fiscal austerity

BRAZIL POLITICS - Report 15 Jun 2020 by Murillo de Aragão and Cristiano Noronha

Minister of Economy Paulo Guedes acted quickly and appointed economist Bruno Funchal as the new Secretary of the National Treasury. He will replace Mansueto Almeida, who will step down by August. Funchal is currently the Director of Programs at the Ministry of Economy. Before that, he was Secretary of Finance in Espírito Santo (ES), one of the states in the federation where public accounts are healthiest.

In the post-pandemic period, Bruno Funchal will have a strategic role since it will be up to him to put the economy back on the path of fiscal austerity after the needed stimulus measures. Funchal will also have an important mission with the National Congress, such as, for example, the negotiation of the economic reform agenda and the attraction of private investment. The choice of Bruno Funchal shows the Ministry of Economy's commitment to fiscal adjustment.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.