Brazil's President-elect Luiz Inácio Lula Da Silva's transition team will study a more conservative alternative to finance social spending next year as investors anxiously await details, according to two people with knowledge of the matter.
The plan calls for the elimination of some R$130 billion (US$24.4 billion) from next year's public spending ceiling, R$45 billion less than the proposal being discussed in Congress, the people . . .
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