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Brazil Cannot Afford Bolsonaro’s Spending Cuts

Laura Carvalho & Joseph E. Stiglitz urge the country’s voters to defeat policies that would reverse hard-won progress on growth and poverty.

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By: Laura Carvalho and Joseph E. Stiglitz NEW YORK—On October 25, Brazil will have before it a clear dilemma, among the ultraright candidate Flávio...

Nobel Prize in Economics Joseph Stiglitz and economist Laura Carvalho estimate that the cuts promised by Flávio Bolsonaro would erase 2.7% of GDP in the first year and would not solve the public debt.

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Project Syndicate broke the news in Prague, Czechia on Tuesday, October 20, 2026.
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