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by brguy
3609 days ago
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Most of the budget is fixed by law, so those were pretty much the only areas where costs could be cut. Social and infrastructure spending was actually record high before the crisis hit, so to say everything was caused by austerity is misleading. |
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Social and infrastructure spending might have been high, but I think they were actually insufficient. Politics and economics are too skewed to the right in Brazil. Look at our budget surpluses for the last few decades:
https://brasilfatosedados.wordpress.com/2014/12/07/3047-supe...
And then look at the UK's budget history:
http://3.bp.blogspot.com/-u_6bLBEcvus/VIL2bc4et6I/AAAAAAAAB7...
Even Thatcher had deficits all along.