Brazil to free up 12.5 billion reais to ease budget squeeze: source
BRASILIA (Reuters) – Brazil’s government will free up 12.5 billion reais ($3 billion) of discretionary spending in its latest bi-monthly spending and revenue report, an Economy Ministry source told Reuters on Thursday.
The move, to ease the pressure on departmental budgets following spending freezes totaling 34 billion reais this year, will be made possible by an anticipated increase in tax and dividend revenues, and will be announced on Friday.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.