Brazil’s Temer would downsize government if Rousseff ousted

Anna Edgerton – Bloomberg, 04/19/2016

Brazil’s Vice President Michel Temer intends to downsize the government, slash spending and replace most of the cabinet and heads of state companies if President Dilma Rousseff is impeached, according to person with direct knowledge of his plans.

Temer’s first measures would be to reduce ministries by about a third, trim the number of civil servants, and cut current expenditures, according to the person who asked not to be named because the talks are confidential. He will first seek a finance minister and then assemble the rest of the cabinet around that post, including the central bank chief, the person said.

Following a lower house vote on Sunday in favor of Rousseff’s impeachment, Temer has intensified talks at his private home in Sao Paulo this week with economists and political leaders to help shape policy and a cabinet.

Read More…

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s