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Brazilian Parliament approves general budget for 2023, first year of Lula da Silva’s term in office

The Brazilian Parliament yesterday approved the general budget for 2023, the first year of President-elect Luiz Inácio Lula da Silva's new term, with a considerable increase in public spending.

Federal deputies and senators approved Thursday in a joint session the budget for 2023, which contemplates state spending of R$5.340 trillion (US$1.1 trillion), of which 40 percent will go to public debt commitments and maturities.

The Brazilian budget for 2023 also contemplates the monthly payment of R$600 (about US$110) for the Bolsa Familia program, which provides assistance to the poorest, for social . . .

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