Reported 4 months ago
Brazil's Finance Minister Fernando Haddad has gained the support of Rui Costa, President Lula's chief of staff, to move forward with spending cuts aimed at alleviating investor concerns regarding the country's fiscal health. The discussions focused on measures to ensure mandatory expenses comply with fiscal rules, as the government seeks to eliminate its primary fiscal deficit by 2025. With plans to cap growth in government initiatives and a proposal expected to be announced soon, Haddad aims to regain investor confidence amidst increasing skepticism about fiscal discipline.
Source: YAHOO