Brazil protects itself against budget deficits

Eulerpool Research Systems Dec 20, 2024

Takeaways NEW

  • Lula da Silva announces measures to secure Brazil's fiscal rules.
  • Brazil plans spending cuts to combat budget deficits.
President Luiz Inacio Lula da Silva has announced measures to protect Brazil's fiscal rules. This statement is his first public comment following emergency surgery and his return to Brasília. He also emphasized his support for the designated Central Bank Chief, Gabriel Galipolo. The announcement follows the final approval by Brazilian legislators of the essential components of the government's expenditure reduction plan. These measures aim to address the growing concerns over the country's budget deficits.

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