President Lula has focused largely on restoring the country's fiscal balance
BRASILIA - The Brazilian government is preparing to roll out measures to curb mandatory spending after a second round of municipal elections at the end of the month, two Finance Ministry officials told Reuters.
Investors and private economists have been skeptical of Lula's ability to deliver on budget promises, with interest rates rising in Brazil and the leftist president wary of belt-tightening as recent polls show his popularity under pressure. However, one of the sources said the government's economic team sees the introduction of spending controls as more urgent. A second source from the ministry said the containment of mandatory expenses is intended to strengthen Brazil's fiscal framework, creating room for discretionary spending.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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