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Brazil Senate Passes Spending Cap in Win for Temer by webdesk@voanews.com (Reuters)
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| Brazil Senate Passes Spending Cap in Win for Temer by webdesk@voanews.com (Reuters) |
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| Article Posted: 12/13/2016 |
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Brazil Senate Passes Spending Cap in Win for Temer |
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Brazilian senators on Tuesday passed a 20-year public spending ceiling proposed by President Michel Temer to control a ballooning budget deficit, a crucial step in an austerity drive to rescue Brazil's stalled economy.
Approval of the centerpiece of his fiscal plan handed a welcome victory to Temer's scandal-plagued government, which is threatened by corruption accusations and citizens' deep frustration with economic malaise.
The Senate approved the cap by a 53-16 margin,...
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