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Economic news

Brazil VP says Brazil will have rigorous fiscal policy

11/12/2024

Less than a minute

2024.11.12 09:23

© Reuters. FILE PHOTO: Brazil's Vice President Geraldo Alckmin speaks during a meeting with Chinese President Xi Jinping at the Great Hall of the People in Beijing, China June 7, 2024. Wang Zhao/Pool via REUTERS/File Photo

SAO PAULO (Reuters) – Brazilian vice-president Geraldo Alckmin said on Tuesday that Brazil will have a rigorous fiscal policy, as Luiz Inacio Lula da Silva’s government hesitates to announce new measures to contain spending.

Alckmin told journalists on the sidelines of the United Nations’ COP 29 in Azerbaijan that Lula has made it clear that he will respect the country’s fiscal framework.

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11/12/2024

Less than a minute