Brazil’s Fiscal Accounts Were a Nasty Surprise to Temer’s Team
- Interim president speaks to Folha newspaper about first month
- Petrobras, Eletrobras found “broken” by acting administration
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Brazil’s fiscal accounts were in worse shape than initially thought after the suspension of Dilma Rousseff, underscoring the challenge facing the country’s new economic team, acting President Michel Temer said.
“It was surprising, in a negative way, what we encountered,” Temer told the Folha de S. Paulo newspaper in an interview published Saturday on its website. “The fiscal accounts were worse than we imagined, Petrobras was broken, the Postal Office broken, Eletrobras broken, and I still have faced an aggressive campaign against me.”