Reported 7 months ago
Facing fiscal challenges and increasing doubts about his ability to control deficits, Brazil's Finance Minister Fernando Haddad is experiencing a tough period. Haddad's plan to improve public accounts through new revenues is facing obstacles, with President Luiz Inacio Lula da Silva showing wavering confidence. The recent rejection of a tax credit proposal added to Haddad's struggles, raising concerns about the nation's fiscal outlook and impacting the Brazilian real. Despite the pressure, Haddad remains committed to balancing the budget, even as he faces resistance from Lula in implementing necessary changes.
Source: YAHOO