Brazil cuts spending determined to ensure 2.3% primary surplus, pledges Mantega

Friday, July 5th 2013 - 23:52 UTC

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Brazil announced on Friday it will immediately cut government spending by 6.65 billion dollars to balance the budget and achieve the goal of a primary fiscal surplus of 2.3% of GDP. The decision is seen as a strong signal to recover investors’ confidence following weeks of turmoil and poor performance of the economy. Read full article

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ChrisR
The biggest imptovement to the relationships with international investors would be if the liar Mantega resigned with immediate effect.
Jul 06th, 2013 - 03:02 pm - Link - Report abuse 0
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