Levy Pitches Budget Cuts and Tax Hikes to End Brazil Deficit

Updated on
  • Government plans to cut $6.8 billion in spending next year
  • Minister pitches revival of tax on banking transactions

Can Rousseff and Levy Hang On to Power in Brazil?

Finance Minister Joaquim Levy proposed a new round of spending cuts and tax increases that are designed to close the budget gap and protect Brazil from further credit downgrades.

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