Temer vows fiscal discipline at BRICS summit - News Summed Up

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Temer vows fiscal discipline at BRICS summit

Monday, October 17, 2016 Temer vows fiscal discipline at BRICS summitLeaders of BRICS countries, from left, Brazilian President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping and South African President Jacob Zuma clasp hands for a group photo at the start of their summit in Goa, India, yesterday. Temer said yesterday that Brazil needs to prioritize cutting the deficit in order to secure that economic growth returns to the country. But ultimately, he said, that social responsibility comes down to fiscal responsibility too. The BRICS leaders adopted three agreements, including two to set up separate research networks for developing agriculture and railways. “In a world of new security challenges and continuing economic uncertainties, BRICS stands as a beacon of peace, potential and promise,” Modi said.

Source: Bueno Aires Herald October 17, 2016 01:07 UTC