Brazil’s president-elect Luiz Inácio Lula Da Silva’s transition team will study a more conservative alternative to financing social spending next year as investors anxiously await details, according to two people with knowledge of the matter.
The plan calls for eliminating about $130 billion (US$24.4 billion) from next year’s public spending cap, $45 billion less than the proposal being debated in Congress, the people. . .
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