New Finance Minister in Brazil Maps Cost Cutting Plans

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The new finance minister, Henrique de Campos Meirelles, said today (May 13th) that the most important measure to be taken by the Ministry of Finance will be to contain the increase in public spending. According to Meirelles, the government has to control expenditure to avoid the growth of public spending.

Former president of the Central Bank of Brazil, Henrique Meirelles took office yesterday (May 12th), and this morning, takes part in the first ministerial meeting of the interim president Michel Temer. Later in the morning, he is scheduled to give an . . .

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