2013 budget: Is there a fiscal cliff at hand?

It was considered one of the more remarkable points in the relationship between the executive and legislative arms of the Federal Government when at the end of last year that the National Assembly passed the 2013 budget proposals. Now all the gains are about to unravel.

It was the first time in the life of the fourth republic that the budget of the Federal Government had been prepared before the commencement of the fiscal year. But now what was considered a spectacular landmark only few weeks ago is about turning out to be an anti-climax. Read more