Reported about 23 hours ago
In response to lingering investor worries regarding fiscal responsibility, Brazil's government is contemplating additional spending cuts after a previous reduction package failed to reassure markets. Finance Minister Fernando Haddad emphasized the urgency of addressing the nation's fiscal challenges amidst rising debt and budget deficits, as investor confidence has eroded significantly. The government is aiming for a primary surplus to stabilize its economy while navigating support within President Lula's administration for potential austerity measures.
Source: YAHOO