Brazil announces US$ 22.5bn spending cuts and confirms minister Levy

Saturday, May 23rd 2015 - 06:27 UTC

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Brazil finally announced its much expected budget resources reshuffle that will freeze 69.9 billion Reais (22.58 billion dollars) worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President Dilma Rousseff is committed to saving the country's investment-grade rating. Read full article

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Jack Bauer
So the government f*cks up in a big way, due to utter and complete irresponsibility and incompetence, then to control the damage, fat D increases taxes, cuts investments in key areas - public health, education and infrastructure - but does not reduce the absurd number of Ministries (currently at 39), does not even consider doing away with any of the 110,000 Federal 'commissioned' jobs - as that would take away jobs from the petistas who would then no longer channel back 10% of their salaries to the Party (PT)....what a great state of affairs......and Lulla, the PT and Dilma still refuse to admit they caused the mess...
May 23rd, 2015 - 10:47 pm - Link - Report abuse 0
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Tik Tok
The spending cuts don't even get them back apparently to what they spent last year, the horse has bolted. Incompetence, stupidity, irresponsibility. While Dilma and especially Lula need to be accounted for (I would give Dilma a trial and look to prove her knowledge in this political party's robbery while Lula is guilty as sin the 9 fingered bastard) the population needs to take a stance against all these leaches from this party and hand out punishment. Brazil is so easy for those in power for take take take. Structures, rules, education, integrity. Brazil seriosly lacks.
May 24th, 2015 - 03:07 am - Link - Report abuse 0
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