Brazil to expand ministry spending blocks for fiscal cap
Brazil will increase spending blocks across ministries to stay within the annual cap. Finance Minister Dario Durigan expects the move to support fiscal goals.
Xurve View
Xurve View
Brazil will expand ministerial spending blocks beyond the current 1.6 billion reais ($320 million) on Friday to meet its annual spending cap. Finance Minister Dario Durigan said the government is increasing restrictions to avoid a spending freeze. The measure aims to maintain fiscal discipline as the government targets a primary surplus of 0.25% of GDP.
