Brazil Freezes $855 Million in Defense Budget After Record Boost

BRAZIL · DEFENSE Key Facts —The freeze: The government blocked about R$4.3bn ($855m) of the Defense Ministry’s 2026 budget, making it the hardest-hit portfolio. —The wider cut: It is part of a fresh R$22.1bn block of federal spending, decreed late on May 29 to meet 2026 fiscal targets. —What it hits: The freeze lands on […] The post Brazil Freezes $855 Million in Defense Budget After Record Boost appeared first on The Rio Times .