Brazil Announces Significant Budget Cuts for 2025

Brazil, the largest economy in Latin America, has announced a significant budget cut of R$25.9 billion ($4.6 billion) for 2025. This decision is crucial for meeting the targets set by President Luiz Inácio Lula da Silva’s new fiscal framework. Finance Minister Fernando Haddad made the announcement, stating that President Lula approved the reduction to align […]