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    Brazil's Bolsonaro says government must cut another 2.5 billion reais

    Abstract:President Jair Bolsonaro said on Saturday that Brazil's federal government will need to cut its budget by 2.5 billion reais ($667 million) next week, website UOL reported, as weak economic growth continues to squeeze revenue.

      BRASILIA (Reuters) - President Jair Bolsonaro said on Saturday that Brazil's federal government will need to cut its budget by 2.5 billion reais ($667 million) next week, website UOL reported, as weak economic growth continues to squeeze revenue.

      巴西利亚(路透社) - 总统Jair Bolsonaro周六表示,由于疲弱的经济增长继续挤压收入,巴西联邦政府将需要在下周削减25亿雷亚尔(6.67亿美元)的预算。 。

      “We want to prevent the government from stopping, as our budget is completely compromised. There must be a new cut now. What should happen is a new cut of 2.5 billion,” UOL quoted Bolsonaro as telling reporters outside his official residence.

      “我们希望阻止政府停止,因为我们的预算完全受到损害。现在必须有新的削减。应该会发生新的削减25亿, ”UOL引用Bolsonaro告诉记者在他的官邸之外。

      Brazil's economy is struggling to emerge from a crippling recession and Bolsonaro's government is focused on passing through Congress a pension reform plan that it has said will prop up public finances and kickstart growth.

      巴西的经济正在努力摆脱严重的经济衰退,而Bolsonaro政府的重点是通过国会通过养老金改革计划已经表示将支持公共财政和开创性增长。

      Bolsonaro's comments on Saturday suggest that cuts will be made when the Economy Ministry publishes its latest bimonthly fiscal report on Monday so the ministry can adhere to its fiscal rules.

      Bolsonaro周六的评论表明,经济部周一公布其最新的双月财政报告将会削减,因此该部可以遵守其财政规则。

      Brazil had been hoping to avoid announcing a fresh round of budget freezes next week, Bolsonaro's chief of staff said on Thursday, adding that economic stimulus measures are also expected to be announced next week.

      巴西一直希望避免宣布Bolsonaro的办公室主任周四表示,下周新一轮的预算冻结,并预计下周将宣布经济刺激措施。

      The Bolsonaro administration's first bimonthly expenditure and spending review in March called for a spending freeze affecting almost 30 billion reais ($8 billion), while in May the government dipped into a 5 billion reais reserve fund to avoid further austerity.

      Bolsonaro政府的首个双月刊3月份的支出和支出审查要求支出冻结影响近300亿雷亚尔(80亿美元),而5月份政府投入50亿雷亚尔储备基金以避免进一步紧缩。

      The government is in a tight spot. Revenues are being squeezed because growth is so weak - the government last week halved its 2019 growth forecast to 0.8% - but there is barely any fat left in the budget to trim.

      The government next week will announce details on the release of funds from FGTS workers severance funds and a workers' social contribution fund known as PIS/Pasep, probably on Wednesday or Thursday. Economy Minister Paulo Guedes said this week that 42 billion reais would be freed up from FGTS funds and 21 billion reais from the PIS/Pasep funds, newspaper Valor Economico reported.

      政府下周将公布有关FGTS工人遣散基金和工人社会捐款基金(称为PIS / Pasep)的资金发放细节,可能在周三或周四公布。经济部长保罗·盖德斯本周表示,将从FGTS基金中释放420亿雷亚尔,从PIS / Pasep基金,报纸上释放210亿雷亚尔alor Economico报道。

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