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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)