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Brazilian financial markets get shaky after Bolsonaro insists on increasing social spending

Brazil s President Jair Bolsonaro Friday insisted he would not take any adventurous steps as he expressed his full support for Economy Minister Paulo Guedes amidst a rocking financial market.

Four Brazil Economic Aides Resign After Spending Plan Unveiled

(Bloomberg) Key members of Brazil Economy Minister Paulo Guedes’s team, including the Treasury secretary, resigned from their jobs following reports that the government is bound to break fiscal spending rules to boost social spending in the run-up to next year’s elections.

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