SignificantEconomyBloomberg·Bloomberg
Brazil Reduces Spending Freeze as Lula Ramps Up Reelection Bid
Brazil's government loosened its spending freeze after revising down projections for mandatory expenditures, giving President Luiz Inácio Lula da Silva additional fiscal room. This comes less than three months before October's election.
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Friday, July 24, 2026 at 02:39 PM EDT
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