Brazil Ministry Cuts Said to Be More Cosmetic Than Cost-Saving
- Central bank could lose ministry-level status under one plan
- Proposal could open Central Bank chief to more law suits
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Much of Brazil’s plan to cut as many as 10 ministries by the end of the month is little more than re-branding, without saving the government much money, according to a cabinet member participating in the discussions.
Under one proposal, the Central Bank, the attorney-general’s office and the comptroller-general’s office would simply be stripped of their ministry-level status and otherwise left unchanged, said the person, who asked not to be named because the proposal isn’t public. Other cabinet members would be regrouped under existing ministries, representing only small savings, the official said.