Brazil opted not to make 'orthodox' budget cuts - Rousseff aide

miércoles 12 de noviembre de 2014 15:15 GYT
 

BRASILIA/SAO PAULO Nov 12 (Reuters) - President Dilma Rousseff's chief of staff Aloizio Mercadante said on Wednesday Brazil's newly re-elected leader will not undertake an "orthodox adjustment" to balance government finances.

Mercadante said in a news conference in Brasilia that cutting spending on investment and scrapping tax breaks are "not an option" for the country at this point, indicating the Rousseff administration is only contemplating a modest fine-tuning of spending practices despite the threat of a sovereign debt rating downgrade. (Reporting by Anthony Boadle and Guillermo Parra-Bernal; Editing by James Dalgleish)