Updated 04:53 AM EDT, Wed, Sep 22, 2021

President Dilma Rousseff Works on Development Plan for Brazil's Economy to Restore Faith in Her Leadership

  • +
  • -
  • Sign up to receive the lastest news from LATINONE
Close

President Dilma Rousseff is focusing on improving Brazil's economy in the midst of impeachment proceedings being brewed to oust her from office.

A report from the Associated Press as seen in Yahoo News revealed how Rousseff is planning to tackle the calls for her impeachment by focusing on what is more important: Brazil's economy.

"Dilma will have one month with no major problems blowing up in Brasilia to come up with a plan to revive a faltering economy. The key is to bring some confidence back," Claudio Couto of Brazil's think tank Fundacao Getulio Vargas stated.

Before the numerous crises that had befallen her country, Brazil's leader was once looked up to after she took over leadership of the country following former President Luiz Inacio "Lula" da Silva's administration.

Unfortunately, several crises lead to the drop of Brazil's economy, alongside her approval ratings, which AP notes is now hovering at a single-digit number.

Gabriela Malvezzi, a 28-year-old resident and psychologist in Rio De Janiero, expressed her discontent at what has been happening in her country.

"I can't wait to stop hearing bad news from Brasilia. I don't even turn on the TV anymore. All that I wanted was for 2015 to end," she exclaimed.

But Rousseff does not wish to keep her country in this state. She wants to get off to a strong start this 2016 by devising an economic development plan that includes new infrastructure projects, car-swap programs and tax breaks for real estate purchases -- all of which would hopefully remedy Brazil's current economic state.

Before the end of 2015, she even appointed a new finance minister, Nelson Barbosa, to replace former Brazil Finance Minister Joaquim Levy who resigned from office.

According to TelSUR, Barbosa is expected to make amendments to pensions, labor laws, and taxes in order to ease the crippling effect of the current economic crisis in Brazil.

However, many are not impressed with this move, with Reuters citing several analysts and economists' opinions on the matter.

"The decision shows that Rousseff has opted for the opposite of raising the credibility of the government's economic policies. Her government's credibility was already zero. Now, it's gone negative," Paulo Rabello De Castro of SR Rating told Reuters.

He further noted that Barbosa is nowhere near becoming an economist because "all he recommends is spending" and "has not economized on anything."

Despite that, Rousseff is still pursuing the reforms she revealed during her year-end address that basically states this: "A state's reform agenda will deepen democracy and strengthen the foundations of sustainable growth."

© 2015 Latin One. All rights reserved. Do not reproduce without permission.
  • Sign up to receive the lastest news from LATINONE

Curiosidades

Real Time Analytics