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Economy Team Seek Investors Help With Spending Cap

BRAZIL

*BRAZIL ECONOMY TEAM ASKS INVESTOR HELP TO SAVE SPENDING CAP (bbg)


Members from Brazil's economic team and the Treasury have asked fund managers as well as bank economists to publicly defend the spending cap rule, according to three people with knowledge of the matter who asked not to be named as the information isn't public.

  • Government wants market agents to make public statements in defense of fiscal rule and against the removal of expenses from the spending ceiling
  • Earlier on Tuesday, senate leaders were unanimous in supporting the removal of Bolsa Familia social program from the spending cap (Bloomberg)

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