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Brazil’s Congress Gives Mixed Reaction to R$70B in Budget Cuts

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The R$69.9 billion budget cuts announced by Brazil’s government on Friday was received with mixed feelings by Congressional representatives, who are debating this week whether to authorize the fiscal adjustments requested by the Rousseff Administration. While some say that this is the only way to get the economy to start growing again, others argue that this latest move by the government will only further burden the Brazilian population and not resolve the problem.

“The [budget] cuts announced are one more facet of the recessive squeeze promoted by . . .

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