April 27, 2020 / 12:41 PM / a month ago

Brazil's Guedes, Campos Neto present united front on fiscal discipline

BRASILIA, April 27 (Reuters) - Brazil’s Economy Minister Paulo Guedes and central bank chief Roberto Campos Neto on Monday stressed the need to maintain fiscal discipline even as a surge in crisis-fighting spending is set to blow the government’s budget deficit to record levels.

Presenting a united front in Brasilia alongside President Jair Bolsonaro amid rising political, economic and market volatility, Guedes also said national public spending programs are a thing of the past and that the government will return to its economic reform agenda later this year. (Reporting by Lisandra Paraguassu and Eduardo Simoes Writing by Jamie McGeever Editing by Louise Heavens)

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