Economy
Passing reforms in Congress will be the government's biggest challenge, says Moody's
The agency highlights that rising Brazilian public debt and political polarization will require skillful negotiation with centrist parties, while high interest rates pressure the budget.
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The essentials of this story
- What happened
- Political coordination and Brazil's fiscal sustainability.
- Who is affected
- The federal government, lawmakers, and investors.
- What changes
- The ability to pass structural reforms and curb the growth of public debt will depend on negotiations with Congress.
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