NEW YORK--(BUSINESS WIRE)--Brazil's announcement of an approximately BRL69.9bn budget freeze highlights both the increased willingness of policymakers to tackle fiscal imbalances and the challenge they face in doing so, Fitch Ratings says. The budgetary freeze announced recently focused on discretionary expenditures, including capital investment. Implementation challenges remain and Fitch will monitor how effective the spending freezes will be in terms of achieving the government's fiscal goals
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