Brazil's government on Wednesday unveiled a new expenditure control framework aimed at improving public finances by up to 60 billion reais (approximately $10.8 billion) next year, according to Planning and Budget Minister Bruno Moretti. The plan includes measures to enable additional budget freezes when necessary, capping real spending growth at 2% compared to the current fiscal framework's 2.5% ceiling. The proposal was formally submitted to the Senate by Jaques Wagner, a key member of President Luiz Inácio Lula da Silva's Workers' Party.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.