Brazil President Lula Cuts Spending by $12 Billion

Brazil's Haddad seeks to soothe market concerns over income tax reform
Brazil's Finance Minister Fernando Haddad on Thursday sought to calm the market following a meltdown over the announcement of a reform that would increase income tax exemptions, emphasizing that the measures would be fiscally neutral and take effect only in 2026 after Congress approval.
Brazil President Lula Cuts Spending by $12 Billion as Investor Concerns Soar
Brazil Finance Minister Fernando Haddad unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public spending through 2026 as investors’ fiscal concerns sink assets from the currency to stocks.
Brazil’s Lula Seeks Income Tax Exemptions Along With Public Spending Cuts
Brazil President Luiz Inacio Lula da Silva has tacked on an income-tax relief measure to a long-awaited plan to cut government spending, heightening concerns about the budget deficit and sparking a selloff in the currency,
Brazil proposes income tax reform, frustrating investors focused on spending cuts
Brazilian Finance Minister Fernando Haddad will make a televised address to the nation at 8:30 pm (2330 GMT) local time on Wednesday, the ministry said, adding he will talk about "efficient government".
Brazil's Real Hits All-Time Low After Lula's Spending Cuts Disappoint
The Brazilian real dropped to a record low and stocks slumped after a proposal to cut public spending disappointed investors. Bloomberg's Leda Alvim reports from Rio de Janeiro on "Bloomberg: The Asia Trade.

Brazil, Matildas

Why soccers fans in Brazil watched game on a screen despite being sat behind the goal
Soccer fans in Brazil watched the Serie A match between Palmeiras and Botafogo on a big screen despite being sat in the ...
The Wall Street Journal on MSN7h
Bolsonaro Is Making a Comeback Bid in Brazil and Betting on Trump’s Help
Brazil’s former president wants to return to power and said in an interview he believes the U.S. president-elect will help ...
Luciana Curtis: Brit model who's worked with Beyonce survives horrifying kidnap in Brazil
Luciana Curtis, 53, was kidnapped in a terrifying ordeal alongside her husband and child. An armed gang held them hostage ...
Brazil's currency hits record low on skepticism about fiscal measures
Brazil's currency hit an all-time low on Wednesday as investors who had been expecting news on public spending cuts braced ...
British businessman’s model daughter and her family kidnapped outside restaurant in Brazil
The model daughter of a British businessman is recovering after being kidnapped with her husband and child outside a ...
Agribusiness-friendly states in Brazil try to undo forest protections
Several states in Brazil are trying to rid themselves of rainforest protections, bowing to pressures from cattle ranchers and ...
Brazil Analysts Lift 2025 Rate Forecasts Again as Prices Simmer
Brazil analysts raised their 2025 year-end interest rate forecasts for the second straight week on fears that public spending ...