The new fiscal framework, proposed as a replacement for a constitutional spending cap that has limited spending growth to the rate of inflation, combines a looser spending cap with primary budget targets as reported by Reuters on Wednesday. (Reporting by Marcela Ayres Editing by Brad Haynes)
BRASILIA, March 30 (Reuters) - Brazil's Finance Ministry
on Thursday announced its proposed new fiscal rules, which would
cap spending growth at 70% of revenue growth while also setting
a floor for public investments.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.