Brazil Government Announces Spending Freeze

Paulo Trevisani, Wall Street Journal, 12/1/2015

Brazil announced a freeze on spending Monday, as its fiscal picture worsens amid a deep recession and political gridlock.

The government said it was freezing all that is remaining in the 2015 budget, except earmarked, mandatory costs such as public-servant salaries, retirement benefits, jobless insurance and the administration’s hallmark income-distribution program known as Bolsa Família.

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