Brazil’s Flavio Bolsonaro to institute debt ceiling if elected president
- A debt ceiling would trigger automatic spending cuts, which conservatives could use to pare back social programmes.
- An economic adviser for the campaign of Senator Flavio Bolsonaro has said that the candidate will institute a debt ceiling if he wins Brazil’s presidency in October.
- Adolfo Sachsida, a lawyer and economist who joined Bolsonaro’s economic team last week, said in a social media post on Wednesday that the measure would help improve Brazil’s fiscal reputation and rein in spending.
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- A debt ceiling would trigger automatic spending cuts, which conservatives could use to pare back social programmes.
- An economic adviser for the campaign of Senator Flavio Bolsonaro has said that the candidate will institute a debt ceiling if he wins Brazil’s presidency in October.
- Adolfo Sachsida, a lawyer and economist who joined Bolsonaro’s economic team last week, said in a social media post on Wednesday that the measure would help improve Brazil’s fiscal reputation and rein in spending.
Sources: Al Jazeera