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Daily Tax Report: International

Chile Unrest Shows Need to Take Care With Austerity, Brazil Says

Oct. 24, 2019, 8:00 AM

Anti-government unrest in Chile that began as a protest against a four-cent hike in subway fares is flashing a warning sign in Brazil, Latin America’s biggest economy.

Vice President Hamilton Mourao said the turmoil in Chile serves as a reminder for the region to take care of its most vulnerable, even as it seeks to maintain fiscal discipline. Brazil itself experienced major protests six years ago over a similar issue -- in its case a rise in the price of bus tickets.

Hamilton Mourao
Photographer: Sergio Lima/Bloomberg

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