Reported about 7 hours ago
Brazil's government has enacted a spending freeze at 19.3 billion reais ($3.33 billion) to adhere to this year's fiscal rules. This is an increase from the previously announced figure and comes amid rising mandatory expenditures, particularly for social security benefits. The government also slightly revised its 2024 primary deficit forecast, while introducing a tighter fiscal framework that limits expenditure growth. Finance Minister Haddad is expected to unveil measures to manage mandatory spending next week.
Source: YAHOO