Brazil Reduces 2024 Spending Freeze to 13.3 Billion Reais to Meet Fiscal Goals

Sep 21, 2024, 02:40 AM

Brazil announced a reduction in its 2024 spending freeze to 13.3 billion reais ($2.4 billion) for this year. This move aims to comply with the country's fiscal goals amid growing investor concerns about public expenditures. The reduction leaves the primary deficit at 28.3 billion reais ($5.1 billion), which remains within fiscal limits. The government's efforts have improved the fiscal outlook for the year.