According to Bloomberg, Brazil's economic team is preparing to submit a fiscal proposal to Congress by next week to demonstrate how the government will achieve its budget targets in coming years. The proposal includes spending cuts ranging from 50 billion to 60 billion reais (approximately $10.7 billion) compared to this year's budget for 2027, aimed at giving the government greater flexibility to freeze spending if fiscal targets face risk. The package also includes measures to prevent unexpected revenues from automatically increasing constitutionally mandated minimum spending on healthcare and education.

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