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Presidential Candidate Caiado Targets Congressional Power, Proposes Zeroing Mandatory Spending for Selic Rate Cut

Brazilian presidential hopeful Ronaldo Caiado is proposing radical fiscal austerity, including eliminating mandatory congressional spending amendments, to drive Brazil's Selic rate down to 7%.

By Eleanor Shaw

Published Sep 20, 2026, 9:25 PM UTC

Presidential Candidate Caiado Targets Congressional Power, Proposes Zeroing Mandatory Spending for Selic Rate Cut — Source: Agência Senado from Brasilia, Brazil / Wikimedia Commons (CC BY 2.0)

Brazilian presidential hopeful Ronaldo Caiado is proposing radical fiscal austerity, including eliminating mandatory congressional spending amendments, to drive Brazil's Selic rate down to 7%.

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