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???? Will the spending cuts package be enough? Market awaits government announcement

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Money Times

Published on Streamed live on Nov 21, 2024

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???? Want to be the first to receive news that affects your pocket and reports courtesy of partners? Join the Giro do Mercado community: https://emprc.us/Nqzfpt The market returns from the Black Consciousness holiday with just one question: when will the government announce the spending cuts package? Minister Fernando Haddad signaled that the announcement should happen by next Tuesday (26), according to information from CNN. The measures are expected to generate savings of R$70 billion for the public coffers, with R$30 billion in 2025 alone. It is also expected that adjustments to the minimum wage and social benefits will follow the rules of the fiscal framework. In other words, spending growth will be limited to 2.5% above inflation. In this Thursday's Giro do Mercado (21), Matheus Spiess comments on expectations for the cuts, and what the package's effects on the market and the Brazilian economy should be. ???? Subscribe to the channel to follow Giro do Mercado from Monday to Friday, always at noon, and stay up to date with what can impact your pocket: / @moneytimesbr #costcutting #economy #haddad #fiscal #fiscalrisk #financialmarket #government #lulagovernment

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