Elections over, Brazil tackles unpopular spending reforms

Elections over, Brazil tackles unpopular spending reforms
 

Brazilian President Michel Temer's government introduced to Congress on Tuesday a landmark constitutional amendment to cap public spending, seeking to press ahead with unpopular reforms in the wake of last weekend's municipal elections.
Temer's new center-right government hopes the proposal, which would limit growth in spending to the rate of inflation for up to 20 years, will clear a Congressional committee this week and be put to a vote in the lower house by next week.
The amendment is designed to curb a budget deficit equivalent to 10 percent of gross domestic product last year. Hopes... read more

 
4 October 2016 in World News, Views: 34
Source: Reuters
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