Development of Public Spending: Study Shows Brazil Ranks 22nd Among 31 Countries

First place in the ranking is China, which increased spending by 8.9 percentage points of GDP, followed by Paraguay, Norway, Argentina, Uruguay and South Korea.

RIO DE JANEIRO, BRAZIL - The study conducted by the Fiscal Policy Observatory of the Getúlio Vargas Foundation's Brazilian Institute of Economics (Ibre/FGV), between 2010 and 2019, on the development of public spending by the federal government, included a list that ranks Brazil 22nd, with an increase of 4.34 percentage points of GDP, compared to 31 countries.

First place is taken by China, which increased spending by 8.9 percentage points of GDP, followed by Paraguay, Norway, Argentina, Uruguay and South Korea.

The ranking was based on data from the International Monetary Fund's (IMF) World Economic . . .

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