Brazil congress approves deficit spending

[WorldNews]

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Brasília (AFP) - Brazil's congress early Wednesday approved a deficit spending plan proposed by the interim government of President Michel Temer after 16 hours of debate. The government says it is facing a record 170.5 billion reais ($48 billion) primary budget deficit in 2016, far higher than suspended president Dilma Rousseff's earlier fiscal target of a 97 billion reais deficit. The new deficit target reflects what the economy team says is the significantly worse financial picture uncovered after Rousseff's departure.

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