Brazil's Temer to battle fiscal crisis without tax hikes


  • World
  • Thursday, 28 Apr 2016

Brazil's Vice President Michel Temer arrives at the Planalto Palace in Brasilia, Brazil in this April 22, 2016 file photo. REUTERS/Ueslei Marcelino/Files

BRASILIA (Reuters) - Rebalancing Brazil's overdrawn fiscal accounts and restoring credibility will be the priorities of a Michel Temer government, but raising taxes is not on the cards yet, a senator close to the current vice president said on Wednesday.

Senator Romero Juca, the leader of Temer's PMDB party, told international media a new government would plan to reform the country's onerous pension system. Temer will replace President Dilma Rousseff if, as expected, the Senate suspends her from office to start her impeachment trial in mid-May.

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