Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.511

+2.0%

Jan 14 3:50 PM EST

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To: Steve Fancy who wrote (9162)	10/26/1998 10:21:00 AM
From: Steve Fancy	Read Replies (3) of 22640

Brazil fiscal plan key points previewed Reuters, Monday, October 26, 1998 at 10:13 The plan puts inflation at 2 percent a year and forecasts Brazil's gross domestic product will end 1999 unchanged or will shrink by 1 percent. In 2000, economic growth should be 3 percent. The main points for reducing the budget deficit by 30 billion reais next year as reported by Veja are roughly outlined below. * The Health and Education Ministries will see their budgets cut by 10 percent each, with 2 billion reais in savings coming from the health budget and 1.1 billion reais in savings coming from the education budget. Copyright 1998, Reuters News Service

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