Economy Begins Reacting but There’s a Challenge, Says Minister Guedes

"The economy is already in motion. This takes a while, but it has already begun to move. The results are now higher than expected in revenues, in taxes. Now, we proceed with the challenge of earmarked funds. And this earmarked money has drained the powers of the political class," Paulo Guedes said.

RIO DE JANEIRO, BRAZIL - Economy Minister Paulo Guedes said on Wednesday, September 25th, that the economy has already started a recovery process, but the country still has to deal with the issue of public spending, reinforcing the need to retain constraints on federal spending.

In a public hearing . . .

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