Brazil's fiscal incontinence is legendary. But one state has managed to buck the trend
in Espírito Santo, a state of 4m people on the coast of south-eastern Brazil, is lighter than the fish stew in Bahia, its neighbour to the north, explains a tuxedoed waiter in the capital, Vitória. Capixabas, as Espírito Santo residents are called, like it that way. Their beaches are smaller than those of Rio de Janeiro, to the south; their colonial towns plainer than those of Minas Gerais, to the west.
Under Dilma Rousseff, Brazil’s president from 2011 to 2015, states like Rio de Janeiro depended on treasury-guaranteed loans from state banks to keep spending. But Brazil’s new president, Jair Bolsonaro, has promised to reduce the size of the state. His treasury head, Mansueto Almeida, has made debt relief conditional on efforts to comply with a fiscal-responsibility law—passed in 2000 but long ignored—that restricts spending on personnel.
Finally, Espírito Santo was better placed to downsize. Its bureaucracy includes a large share of temporary workers, including roughly 60% of teachers. Unlike civil servants, they can be fired. Mr Hartung eliminated more than 7,000 positions, or roughly 12% of the bureaucracy. In Rio de Janeiro less than 3% of government workers are temporary.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
If You're Going to Master One Dessert, Let It Be This OneCheesecake is the choose-your-own-adventure of sweets.
Baca lebih lajut »
One woman killed, one hurt by man with knife in downtown PittsburghA man with a knife fatally stabbed a woman and wounded another Thursday in an apparently random attack in downtown Pittsburgh, police say.
Baca lebih lajut »
Ron Burgundy Did Stand-Up on Every Late Night Show and No One Was SafeWatch Will Ferrell as Ron Burgundy, here.
Baca lebih lajut »
Organizers of El Paso march say they will stand against hatred, one week after massacreA week after a gunman killed 22 people in El Paso, activists on Saturday will le...
Baca lebih lajut »
Carl Icahn calls Occidental's deal for Anadarko one of the worst he's ever seenBillionaire investor Carl Icahn spoke on CNBC's 'Halftime Report' on Thursday.
Baca lebih lajut »
AMD's latest chip reveal is 'one of the biggest turning points in the history of Silicon Valley,' one analyst saysGoogle announced it would be the top buyer of the new product for its Cloud business. Amazon and Twitter will also invest in the EPYC 2 chip.
Baca lebih lajut »