Brazilian President Dilma Rousseff has one last chance to stem a growing political and economic crisis before being forced to step down, one of the country’s leading daily newspapers said on Sunday.
In an unusual front-page editorial, Folha de S.Paulo said Rousseff needs to take “drastic measures” including additional spending cuts and tax increases to make up for a 2016 budget gap that has cost Brazil its investment-grade rating from Standard & Poor’s.
Rousseff, a leftist who was re-elected by a thin margin in 2014, is facing impeachment calls as her government struggles with a deep economic recession and a massive corruption scandal at state-run oil company Petrobras that has implicated several of her political allies.
In cabinet meetings on Saturday and Sunday, Rousseff ordered her ministers to find an additional 20 billion reais ($5.2 billion) in budget savings, Brazilian media said. The cuts will be announced as early as Monday, according to several reports.
Brazil Energy Insight 
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