RIO DE JANEIRO, BRAZIL - Brazilian Economy Minister Paulo Guedes said on Monday he expected the impasse surrounding this year’s federal budget to be resolved “well before” the official April 22 deadline and dismissed the recent controversy surrounding it as noise.
The R$1.5 trillion (US$264 billion) budget was approved by Congress last month but not signed off on by President Jair Bolsonaro. It is now being revised after it emerged it could break one of the government’s key fiscal rules.
The Independent Fiscal Institute watchdog said last week the “spending ceiling” could be exceeded by R . . .