Over the last 10 years, Brazilian government revenue rose 132%, to R$ 2,47 trillion.
Spending rose by the same 132%, to R$ 3,59 trillion.
The result: gross debt went from R$ 4,2 trillion to R$ 10,9 TRILLION.
Same growth, different starting points. The annual deficit doubled, and interest payments more than tripled.
Now ask yourself: how is this gap being financed?
The answer will give you the first clue about what the government has been doing with your money.
Spending rose by the same 132%, to R$ 3,59 trillion.
The result: gross debt went from R$ 4,2 trillion to R$ 10,9 TRILLION.
Same growth, different starting points. The annual deficit doubled, and interest payments more than tripled.
Now ask yourself: how is this gap being financed?
The answer will give you the first clue about what the government has been doing with your money.