The information that the change in the federal budget may not be so radical held the Brazilian market this Monday (14).
The counter-proposal to the PEC for spending to remain outside the limits is more conservative, with a forecast of R$ 130 billion, with defined values for each expense and validity of only one year and not four, or even forever.
The quartet in charge of formulating the backbone of the Lula government’s economic policy does not speak officially.
In the noise of communication from the elected president himself and political leaders, which worsens the perception of risk in Brazil, the fact that a more rational solution appeared within the transition team brought some relief.
Today’s CNN Money also talks about the 17th G20 summit meeting, a group with the twenty largest economies in the world, which starts this Tuesday (15).
Presented by Thais Herédia and Priscila Yazbek, CNN Money presents an overview of news topics that influence markets, finances and the direction of society and power dynamics in Brazil and the world.
*Posted by Ligia Tuon
Source: CNN Brasil
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
