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New Brazilian Finance Minister to Announce Tough Economic Measures

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Newly-appointed Brazilian Finance Minister Henrique Meirelles is expected to announce a set of tough but much-needed measures to change the situation in country's economy for the better, local media reported Friday.

MOSCOW (Sputnik) — On Thursday, the upper house of the Brazilian parliament voted 55-22 to open impeachment proceedings against President Dilma Rousseff after she was accused of concealing the country’s budget deficit ahead of the 2014 re-election. She was suspended for 180 days and her office was assumed by Vice President Michel Temer, who appointed Meirelles as country's finance minister.

Demonstrators take part in a protest demanding the resignation of Brazilian President Dilma Rousseff, on March 13, 2016 in Porto Alegre, southern Brazil - Sputnik International
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According to the Brazilian O Globo newspaper, Meirelles is expected to take measures to cope with the budget deficit, but needs more time to estimate the real situation with country's public finances.

Meirelles is also due to introduce measures to support economic growth in order to tackle the unemployment in Brazil and to reform the country's pension system, the newspaper added.

Brazilian leadership has been facing a wave of public discontent for over a year amid the country’s struggling economy and several major corruption scandals.

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