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

Monday, July 24th 2017 - 08:50 UTC

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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

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:o))
Balancing the budget is NOT at all so difficult: REF: http://www.otempo.com.br/polopoly_fs/1.1500729.1500858921!image/image.jpg_gen/derivatives/main-charges-resize_620/image.jpg
Jul 24th, 2017 - 11:37 am - Link - Report abuse 0
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