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Since the mid-1980s Brazil has experienced a period of great macroeconomic instability. Examining the evolution of the primary balance during these years, one identifies three markedly distinct periods: 1985 to 1989, 1990 to 1994, and 1995-96. The average primary surplus increased from 0. 6...
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, institutional improvements - including civil service reform - and, sectoral reforms to improve service delivery in education, health …, implementing fiscal decentralization. Institutional improvements, and civil reform would include accountability, and strengthening … provinces in the reform process. …
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