By Oecd
Ublished on 24 November 2006. the subsequent monetary Survey of Brazil could be ready in 2008. An fiscal Survey is released each 1½-2 years for every OECD nation.
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Extra resources for Oecd Economic Surveys: Brazil 2006
Sample text
It should be recognised, nevertheless, that other factors, such as the efficiency of government spending on education and average household income, also shape education outcomes. 42 OECD ECONOMIC SURVEYS: BRAZIL – ISBN 92-64-02999-0 – © OECD 2006 1. 3. Labour informality: Causes and consequences It is not easy to define, measure and compare informality across countries. In principle, the “shadow”, “undeclared”, “underground” or “black” economy refers to activities carried out outside the scope of taxation and regulation.
At the same time, rising labour informality over the 1990s and a fall in average real earnings, especially in the metropolitan areas, prevented an expansion of the base of contributions to social security in tandem with surging expenditure. 2). These distortions will need to be removed to ensure that the base of contributions to social security rises at a faster pace in the years to come, thus reducing the burden that the social security system currently poses on the budget. 8% of GDP in 2025 (Ministry of Social Security, 2006).
FOSTERING LONG-TERM GROWTH: THE CHALLENGES AHEAD Ministry of Finance (2000), Orçamento de Renúncias Fiscais e Subsídios da União, Secreatariat of Economic Policy, Ministry of Finance, Brasília. Ministry of Social Security (2006), Projeções Atuariais para o Regime Geral de Previdência Social – RGPS, Ministry of Social Security, Brasília. K. L. Alves (2003), “Medium-Size Macroeconomic Model for the Brazilian Economy”, Working Paper, No. 64, Central Bank of Brazil, Brasília. OECD (2003), OECD Economic Outlook, No.
