Primary result, public debt and interest rate in the recent Brazil (2000-2005): a critical perspective

Abstract

The aim of this article is analyze critically the brazillian fiscal policy in the last years. It looks for verify if the present politics of primary surplus has attained the expected results by authorities, by means of reductions in both the relation debt/GNP and interests rates. At a first view, these results were not attained. This article seeks understand why, even face the growing fiscal efforts, Brazil hasn’t experimented a decreasing curve to the relation debt/GNP and to the basic interest rate in the recent years.