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Global Insider: Brazil Attempts to Balance Interests in Growing Oil Revenues

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Brazilian President Dilma Rousseff recently issued a partial veto for a bill that would distribute a greater share of oil revenues to Brazilian states that are not oil producers. In an email interview, Fernando Antonio Slaibe Postali, a professor of economics at the University of São Paulo, discussed Brazil’s oil revenue distribution policy. WPR: What is at stake in the efforts to craft revenue-sharing legislation in Brazil? Fernando Antonio Slaibe Postali: When the current rules where designed, in the mid-1990s, the revenues involved were small, because oil prices were low and the Brazilian exchange rate was fixed. (Oil royalties are […]

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