Brazil lower house passes new government spending rules

  • 11/9/2021
  • 00:00
  • 3
  • 0
  • 0
news-picture

Brazil’s lower house of Congress passed a constitutional amendment on Tuesday that will allow President Jair Bolsonaro to spend an additional 92 billion reais ($16.5 billion) next year, allowing him to double welfare spending ahead of elections. The chamber voted 323-172 in a second vote required for changes to the constitution and the measure now advances to the Senate. The amendment, which staggers the government’s court-ordered payments temporarily, has rattled financial markets worried that increased spending will deepen the budget deficit. (Reporting by Anthony Boadle; Editing by Christian Schmollinger)

مشاركة :