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BRAZIL: President Lula to Decide on Expenses Cut Package, Timeline Unclear

BRAZIL
EM BulletBulletGlobalEmerging Market NewsRegion
  • "BRAZIL GOVT AGREES IN REINFORCES FISCAL FRAMEWORK: HADDAD" (BBG)
  • "MANDATORY SPENDING NEEDS TO BE UNDER FISCAL FRAMEWORK" (BBG)
  • "LULA TO DECIDE ON EXPENSES CUT PACKAGE AMOUNT: TEBET" (BBG)
  • Some further details following the Haddad headline above - President Lula’s chief of staff and the Finance Ministry reached an understanding on the set of spending cut measures promised by the government, according to O Globo, citing an unidentified source. The idea is to reinforce the country’s fiscal framework. The plan is undergoing legal analysis and still depends on the president’s final word, according to the report. (BBG)

 

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  • "BRAZIL GOVT AGREES IN REINFORCES FISCAL FRAMEWORK: HADDAD" (BBG)
  • "MANDATORY SPENDING NEEDS TO BE UNDER FISCAL FRAMEWORK" (BBG)
  • "LULA TO DECIDE ON EXPENSES CUT PACKAGE AMOUNT: TEBET" (BBG)
  • Some further details following the Haddad headline above - President Lula’s chief of staff and the Finance Ministry reached an understanding on the set of spending cut measures promised by the government, according to O Globo, citing an unidentified source. The idea is to reinforce the country’s fiscal framework. The plan is undergoing legal analysis and still depends on the president’s final word, according to the report. (BBG)