Paulo

Minister of Financing, Guido Mantega, when he launched the latest cuts in the 2011 finances, stated your slices will not apply to 170.8 million reais into the discretionary using. From one total, billion reais is actually for brand new Expidited Gains Program (PAC), which will indeed go up various other step 3.thirty five billion reais, on account of congressional earmarks which have already been approved.

Mantega explained that the cuts were not aimed at bringing the economy to its knees, but rather a?