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LatinNews Regional Monitor: Brazil & Southern Cone - 10 April 2017
Brazil: Still uphill on the fiscal front
The government’s long struggle to bring the fiscal accounts under control is far from over. On 29 March, Finance Minister Henrique Meirelles announced spending cuts of BRL42.1bn (US$13.6bn), designed to keep to this year’s objective of limiting the primary fiscal deficit to not more than BRL139bn (US$45bn). The cuts were announced later than expected and were also larger than analysts had expected.
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