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Speaker Lira: Congress Must Work To Adjust Current Spending Cap Model

BRAZIL
  • Brazil Speaker Defends New Fiscal Rule To Replace Spending Cap (BBG)
  • Brazil Next Congress Will Maintain Reforms Approval Pace (BBG)
  • Brazil’s Congress must attempt to design a more flexible budget rule compared to the current spending cap model, Lower House speaker Arthur Lira said during an event in Sao Paulo organized by BTG Pactual.
    • Lira said Brazil’s financial system knows how to operate in moments of crisis.
  • Lira added he believes incumbent Jair Bolsonaro is wrong when criticizing Brazil’s electronic voting system and added that he has already talked to the president about those attacks. (Bloomberg)
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