💨 Abstract

Brazil's Finance Minister Fernando Haddad has expressed uncertainty about announcing a spending containment package this week due to President Luiz Inacio Lula da Silva's approval. The package aims to limit expenditures within the fiscal framework passed last year, focusing on mandatory expenses like pensions and social benefits. The market eagerly awaits the new measures due to local fiscal concerns and inflationary fears linked to U.S. President-elect Donald Trump's proposals.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖