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Brazil’s Announcement to Reduce Deficit Receives Criticism

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The economic team in Brazil announced on Monday measures that they say will help reduce the expected deficit for 2016 and allow them to reach their goal of a surplus next year. Many of the measures, however, need to be approved by Congress, which will not be an easy task since many legislators have come out openly against some of the measures, especially the one which calls for a raise in taxes.

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