Carola Sandy
Carola Sandy
detached economy electoral noise political
The economy is detached from the political noise surrounding the electoral process.
expecting people
A lot of people were expecting Flores to do better, so there's going to be disappointment. It's going to be messy.
congress fiscal government indication message passage populist potential pursue result sector setbacks wants
The passage of this message is an indication of the potential setbacks to the fiscal sector that could result from a government or congress that wants to pursue a populist agenda.
additional assets billion consequences created estimated measure negative pension percentage points present private public three value
The present value of the additional public expenditures created by the measure is estimated at about three percentage points of GDP. This bill, if implemented, would also have negative consequences for the private pension system, which as of the end of 2005 had $9.5 billion in assets under management.