Sunday, January 1, 2012

Brazil planning additional cuts of 32bn dollars in 2012 budget

Congress is demanding more funds from Dilma Rousseff for this year’s municipal elections Brazil's government may cut as much as much 60 billion Reais (32 billion dollars) from spending in 2012 in an effort to control its deficit and inflation, the Estado de Sao Paulo newspaper reported, citing unnamed Finance Ministry officials.

Source: http://en.mercopress.com/2012/01/02/brazil-planning-additional-cuts-of-32bn-dollars-in-2012-budget?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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