Brazil’s Finance Minister Confirms Studies on Eliminating Public Transport Fares

SAO PAULO/BRASILIA (Reuters) -Brazil’s Finance Minister Fernando Haddad confirmed on Tuesday that the government is conducting studies, at the request of President Luiz Inacio Lula da Silva, on a plan to eliminate public transportation fares nationwide.
Speaking on a government radio program, Haddad acknowledged the initiative, which surfaced in media reports last week and rattled markets amid concerns that Lula’s leftist administration could loosen fiscal discipline ahead of next year’s general elections.
According to the minister, the government is revisiting studies