Brazil to free up 12.5 billion reais to ease budget squeeze: source By Reuters

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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.

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