OECD Economic Surveys
The Brazilian economy rebounded strongly after the Covid-19 pandemic. Resilient domestic demand, supported by social transfers, continues to drive growth. Inflation is decreasing, providing room for further monetary policy easing. However, public debt remains high, calling for a credible fiscal fram...
| Formato: | Libro electrónico |
|---|---|
| Idioma: | Inglés |
| Publicado: |
Paris :
Organization for Economic Cooperation & Development
2023.
|
| Edición: | 1st ed |
| Colección: | OECD Economic Surveys: Brazil Series
|
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009792121806719 |
Tabla de Contenidos:
- Intro
- Foreword
- Basic statistics of Brazil, 2022
- Executive Summary
- Brazil has had a strong recovery
- The new fiscal framework and a tax reform will boost debt sustainability and growth
- Boosting productivity will be key to maintaining strong growth
- Greening growth and building climate-resilient infrastructure will reduce greenhouse gas emissions
- Scaling-up infrastructure investment
- 1 Key Policy Insights
- Introduction
- Following a strong recovery, the economy is growing above the low potential
- Growth remains strong
- Risks are balanced
- The financial system has substantial safety buffers
- Monetary policy has reacted forcefully to persistently high inflation
- Fiscal reforms are needed to stabilise public debt and create fiscal space
- Strengthening fiscal rules will be key for debt sustainability and confidence
- Redesigning the tax system can strengthen growth and equity
- Fighting corruption and tax avoidance will increase tax collection
- Re-organising social protection programmes could strengthen spending efficiency
- A reform of the public administration could create additional fiscal space
- Additional reforms will be crucial to boost productivity and living standards
- Efforts to lower regulatory barriers to domestic competition should continue
- Fostering trade integration and foreign competition would bring substantial benefits
- Labour market policies should facilitate worker reallocation
- Spending on education could be more effective and more equitably distributed
- Greening growth requires reining in deforestation and reforming agriculture
- Further developing biofuels to reduce transport emissions
- Reining in deforestation
- Greening agriculture
- References
- 2 Scaling up infrastructure investment to strengthen sustainable development
- Infrastructure gaps are widespread.
- Transport
- Water, sanitation, and solid waste disposal
- Electricity
- Telecommunications
- Improving the efficiency of public investment in infrastructure
- Strengthening the institutional framework for project planning, selection, and execution
- Aligning public procurement procedures with international best practices
- Lowering the regulatory burden and increasing market competition
- Improving the governance of State-Owned Enterprises
- Enhancing financing options for infrastructure projects
- Gaps in the financing of infrastructure
- Diversifying the current model for public-private partnerships
- Improving infrastructure financing
- Better managing risks and mobilising foreign investments in infrastructure
- Further expanding green financing
- Better infrastructure to support climate change mitigation and adaptation
- Developing low-carbon infrastructure to mitigate climate change
- Adapting infrastructure to climate change risks
- References.
