Política orçamental

Brazil Needs to Cut Spending to Boost Efficiency, Levy Says

Brazil must reduce public spending to combat its economic challenges and to become more efficient, Finance Minister Joaquim Levy said on Saturday.

“We can’t stand still, waiting for the loss of investment grade,” Levy said at an event in Campos do Jordao, Sao Paulo state. “We need to implement a quality shock to public spending.”

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