The Brazilian government unveils a fiscal plan to control spending growth
The Brazilian Senate approved the basic text of a fiscal adjustment plan. The measure, which aims for savings of at least 45 billion reais until 2027, faced opposition from those citing insufficient time for analysis. The plan follows a fiscal deficit of 9.51 percent of GDP and sets a 2 percent limit on real spending growth for next year.
- The opposition voted against the measure, citing little time to analyze it.
- The Brazilian Senate approved the basic text of the fiscal adjustment plan.
- The plan aims for a savings of at least 45 billion reais until 2027.
- The Brazilian government has a fiscal deficit of 9.51 percent of GDP.
- The bill sets a limit of 2 percent on real spending growth for next year.
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