Economy & Business

11/4/2026 · 1 min read

Economic Reform: Spending Cuts Divide Government and Financial Markets

Estadão reported that markets reacted poorly to the lack of structural spending cuts, driving the US dollar above R$ 5.80. Gazeta do Povo highlighted a National Treasury study projecting gross public debt to reach 80% of GDP, while InfoMoney interviewed economists who advocate unlinking welfare benefits from the minimum wage to rein in the fiscal deficit.