Reported 11 months ago
Rubens Ometto, chairman of Brazilian sugar company Cosan SA, criticized President Lula da Silva's fiscal policy for not reducing public debt and keeping interest rates high. Ometto stated that the fiscal framework project, focused on Brazil's public finances, allows the government to increase spending as revenue grows rather than lowering debt and interest rates. He highlighted the need for better fiscal organization to reduce interest rates for sustainable growth.
Source: YAHOO