Brazil's Temer seeks constitutional reform to curb public spending


  • World
  • Wednesday, 25 May 2016

Brazil's interim President Michel Temer reacts during a meeting of the presentation of economic measures, at the Planalto Palace in Brasilia, Brazil, May 24, 2016. REUTERS/Adriano Machado

BRASILIA (Reuters) - Brazil's interim President Michel Temer said on Tuesday he would seek constitutional change to limit increases in public spending as part of a series of measures to curb a record fiscal deficit and regain investor confidence.

Temer, a centrist who took over from leftist President Dilma Rousseff two weeks ago after she was suspended pending trial, said the amendment would restrict growth in state spending to the previous year's inflation rate, excluding debt payments.

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