MercoPress, en Español

Montevideo, March 29th 2024 - 14:11 UTC

 

 

Brazil cuts spending and raises taxes, including on fuel, to try and balance the budget

Monday, July 24th 2017 - 08:50 UTC
Full article 1 comment

Brazil's government increased a spending freeze and raised taxes to cover a budget gap this year, reinforcing its commitment to fiscal discipline but dealing a potential blow to fragile economic growth. In a statement by the Finance and Planning Ministries, the government said it will freeze an additional 5.9 billion Reais (US$1.9 billion) in federal spending this year Read full article

Comments

Disclaimer & comment rules

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!