BRASIL: Spending Cut By $5.7 Billion...To Cool Demand.

BUSINESSWEEK/       Finance Minister Guido Mantega says the government will cut spending by $5.7 Bn to cool the economy but  it will not affect social programs or infrastructure. Inflation has exceeded the government’s goal of 4.5% every month this year. The $5.7 Bn cut announced is in addition to a 21.5 billion-real cut disclosed earlier this year.