By Sarah de Sainte Croix, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – The Brazilian government has an announced an aggressive program of budget cuts totaling R$55 billion for 2012. The aim is to allow inflation to fall and to boost growth at a time of global economic slowdown, as the Minister for Planning, Miriam Belchior, and the Minister for Finance, Guido Mantega, announced last week.
Around R$14 billion in total will be shaved off the budgets for the Ministries of Health, Defense, Education and Cities (R$5.4 billion from Health, and R$3.3 billion from each . . .