Brazil’s Flavio Bolsonaro to institute debt ceiling if elected president

A debt ceiling would trigger automatic spending cuts, which conservatives could use to pare back social programmes.An economic adviser for the campaign of Senator Flavio Bolsonaro has said that the candidate will institute a debt ceiling if he wins Brazil’s presidency in October.Adolfo Sachsida, a lawyer and economist who joined Bolsonaro’s economic team last week, said in a social media post on Wednesday that the measure would help improve Brazil’s fiscal reputation and rein in spending.Recommended Stories list of 3 itemslist 1 of 3Brazil’s Flavio Bolsonaro names Alfredo Gaspar as running matelist 2 of 3Lula holds slim lead over Flavio Bolsonaro ahead of Brazil electionlist 3 of 3Bolivia arrests political adviser to Latin American right-wingersend of list“We will approve a ceiling for public debt. If debt is too high, a spending cap is triggered, putting the fiscal trajectory on a sustainable path,” Sachsida said in a video shared on X.Senator Bolsonaro, the son of former far-right President Jair Bolsonaro, is the main challenger facing off against leftist President Luiz Inacio Lula da Silva in this year’s presidential election.A Nexus poll released this week found Lula and Bolson...