Brazilian President Luiz Inacio Lula da Silva plans to unveil a long-awaited new fiscal framework before he travels to China at the end of the week but wants the proposal discussed privately with congressional leaders first, Finance Minister Fernando Haddad said on Monday.
The framework is seen as crucial to easing fiscal concerns after Lula obtained congressional approval for a multi-billion-real package that bypasses the constitutional spending cap to increase social spending and fulfill campaign promises.
