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Brazil's Temer says has no "Plan B" for fiscal reform
May 30, 2017 / 1:16 PM / 4 months ago

Brazil's Temer says has no "Plan B" for fiscal reform

Brazil's President Michel Temer reacts during a meeting with representatives of the Brazilian Chamber of Construction Industry and businessmen, at the Planalto Palace in Brasilia, Brazil, May 25, 2017. REUTERS/Ueslei Marcelino

SAO PAULO (Reuters) - Brazil’s President Michel Temer said on Tuesday that his government has no alternative “Plan B” for its drive to bring the budget deficit under control, while improving economic indicators will allow interest rates to fall further.

Speaking at an investment forum, Temer said his government has not given up on its commitment to fiscal reforms, dismissing speculation that less austere measures are being considered in the face of a political crisis fueled by corruption allegations.

Reporting by Anthony Boadle, Editing by Franklin Paul

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