Brazil's Rousseff backs legal cap to public expenses, flexible fiscal goals

Reuters

2 February 2016 at 1:29 pm

BRASILIA (Reuters) - Brazil's government plans to set legal limits to public expenditures and adopt flexible fiscal targets as part of the reforms needed to rekindle economic growth, President Dilma Rousseff told lawmakers in a speech at the opening session of the 2016 legislative year. Rousseff also said the government would send a bill proposing changes to the pension system. (Reporting by Leonardo Goy and Marcela Ayres; Writing by Alonso Soto, Anthony Boadle and Silvio Cascione; Editing by Lisa Von Ahn)

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