Menu Search Facebook Twitter
Search Close
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers

Brazil Centrist Parties Vow to Back Temer Fiscal Plan

Perondi said the government will not accept attempts to ease the spending ceiling cap by linking it to GDP output growth

Brazilian President Michel Temer arrives to attend the G20 Summit in Hangzhou, photo: Reuters/Rolex de la Pena
By The News Whatsapp Twitter Facebook Share
1 year ago

Centrist parties pledged their support for President Michel Temer’s plan to curb public spending and balance Brazil’s overdrawn government accounts on Thursday, raising the prospect for quick approval of a spending cap amendment he is seeking.

With municipal elections in October, lawmakers are weary of unpopular belt-tightening proposals and want assurances education and health budgets will not be cut. This has raised doubts about Congress’ willingness to back austerity measures ahead of the vote.

In a letter handed to Temer by their leaders, six parties joined by the ruling Brazilian Democratic Movement Party (PMDB), said Brazil urgently needs to restore growth and that can only be achieved with reforms proposed by Temer that include changes to the tax, fiscal and pension systems.

“We reiterate our absolute and unrestricted commitment and support for the action of this government,” the letter said.

The parties represent more than 200 lawmakers in the 512-seat lower house where the spending ceiling amendment, which limits expenditure growth to the rate of inflation, is being debated at committee level.

PMDB Congressman Darcisio Perondi, who is leading efforts to push the cap through, said it will be put to the vote in the committee on Oct. 7 and in the full chamber by the end of the month.

“If there are no storms, we will send it to the Senate in the first week of November,” he told reporters.

Perondi said the government will not accept attempts to ease the spending ceiling cap by linking it to GDP output growth, but he said the duration of the spending limit, currently set at 20 years, could be changed.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Despite doping scandals, Olympic fever g ...

3 days ago

UAEM consolidates academic and scientifi ...

4 days ago
Latest News

Japan public TV sends mistaken North Kor ...

5 days ago
Latest News

Tillerson warns military action on NK un ...

5 days ago
Most Popular

Indonesia ready for ‘big bang’

By The News

Drone schools grow in China

By The News

Japan’s economy contracts 1.4 pct

By The News

Neumann: German Interest in Mexican Econ ...

By The News

Calzada Rovirosa: Mexico and Canada are ...

By The News