The government of Brazil is focused on adopting reform measures to pull the economy out of the current recessionary phase and bring economic, social and political harmony in the Latin America’s biggest economy.

Brazil’s newly-elected President, Michel Temer, said Sunday that his government would aim reducing government expenditure wherever possible amid reviving the nation’s pension scheme. Temer, further mentioned his intentions to not tamper the corruption probes that have upended Brazilian politics in recent years, ensnaring dozens of political and corporate leaders and helping weaken the Rousseff administration.

Temer was elected interim President last week after the Brazillian Senate voted to suspend office of former President Rousseff, probing her guilty for government irregularities.  Temer will remain in term till the duration of her trial, which could be as long as six months, reports confirmed.

"The cost-cutting program would not affect popular social programs that marked the 13-year rule of Rousseff's Workers Party," said Michel Tremer. He also mentioned that he would like to see an economy devoid of unemployment, if his term continues.

Henrique Meirelles, a former Central Bank President, said the government needs to make up for revenue shortfalls but is undecided yet whether to raise any new taxes, including a much-discussed levy on financial transactions, reports said.

"We are studying all measures to make the country grow again, create jobs and increase income for everyone," Meirelles said.