Download Oecd Economic Surveys: Brazil 2006 by Oecd PDF

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Ublished on 24 November 2006. the subsequent monetary Survey of Brazil may be ready in 2008. An fiscal Survey is released each 1½-2 years for every OECD state.

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Jayme Junior (2004), “Constrangimentos ao Crescimento no Brasil: Um Modelo de Hiatos (1970-2000)”, Revista de Economia Contemporânea, Vol. 8, pp. 33-65. C. (2005), “Produto Potencial: Conceitos, Métodos de Estimação e Aplicação à Economia Brasileira”, Working Paper, No. 1130, IPEA, Brasília. C. OECD ECONOMIC SURVEYS: BRAZIL – ISBN 92-64-02999-0 – © OECD 2006 47 1. A1 Actions taken in structural reform This Annex reviews the actions taken in the area of structural reform based on the policy recommendations made in the 2005 Survey.

In the case of TR, the statutory rate excludes the fees and “sectoral spreads” charged by financial institutions in credit operations. Source: Central Bank of Brazil. Preserving these distortions runs counter to the policy objective of raising Brazil’s potential growth through higher saving and productivity-enhancing investment. Moreover, because the source of funds used to finance directed credit programmes includes levies on enterprise payroll, as in the case of FAT and FGTS, the existence of regulated credit poses an obstacle to the reduction of the high tax burden on enterprises, which is detrimental to formality in the labour market, discussed in Chapter 4, and the competitiveness of Brazilian exports.

02 Jan. 01 Jan. 00 Jan. 99 Jan. 98 Jan. 97 0 Jan. 96 20 0 Jan. 95 20 1. Includes non-compulsory reserves. 2. Includes the “additional requirements”. 3. Deflated by IPCA. Source: IMF (International Finance Statistics, IFS) and Central Bank of Brazil. 40 OECD ECONOMIC SURVEYS: BRAZIL – ISBN 92-64-02999-0 – © OECD 2006 1. FOSTERING LONG-TERM GROWTH: THE CHALLENGES AHEAD especially the case among the small and medium-sized enterprises (SMEs), which typically do not have as much access to credit and skilled labour as their larger counterparts.

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