Brazil Implements R$15 Billion Budget Freeze to Secure Fiscal Health

In a move to stabilize its financial outlook, Brazil announced a R$15 billion (approximately $2.69 billion) budget freeze for 2024. Finance Minister Fernando Haddad confirmed the freeze on Thursday, specifying the allocation: R$11.2 billion ($2 billion) will serve as a financial buffer, and R$3.8 billion ($681 million) is set aside for contingencies. This proactive step […]