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Brazil Reduces Spending Freeze After Judge Upholds Lula Tax Plan

Brazil Reduces Spending Freeze After Judge Upholds Lula Tax Plan

Bloomberg4 days ago
Brazil announced a reduction of the total amount of its spending freeze for this year after the Supreme Court reinstated the bulk of a tax decree that had sparked disputes with Congress and added to uncertainty about its fiscal outlook.
President Luiz Inacio Lula da Silva's government said Tuesday it would freeze a total of 10.7 billion reais ($1.9 billion), down from the 31.3 billion reais it had previously announced in May.
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