(BN) Brazil’s Government Spending Cut Is Enough, Fraga Tells O Estado

Brazil's Government Spending Cut Is Enough, Fraga Tells O Estado
2011-02-16 12:31:41.120 GMT


By Francisco Marcelino
    Feb. 16 (Bloomberg) -- BM&FBovespa SA's Chairman Arminio
Fraga said the 50 billion-real ($30 billion) cut in Brazil's
2011 budget is enough to put government spending on a "balanced
path," O Estado de S. Paulo reported.
    The Brazilian economy has shown signs of slowing down,
Fraga, a former central bank president, told the newspaper.

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