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Brazil: Who benefits from the new housing package?

Overview

In an attempt to boost overall economic growth as well as the popularity of Dilma Rousseff – President Lula’s current chief-of-staff and his candidate for president in 2010 – the government announced in late March its broadest-reaching countercyclical measures to date. These include a long-awaited R$34 billion (US$16.2 billion) low-income housing stimulus programme dubbed “My House, My Life” and the accompanying temporary tax cuts of 5-8 per cent on a broad range of building...

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