Tag: Brazil fiscal austerity plan

• Thursday, August 20th 2015 - 07:02 UTC

  Victory for Rousseff: Senate passes major bill of fiscal austerity plan

  

  Brazil's Senate approved a bill to roll back payroll tax breaks on Wednesday that is a key measure in President Dilma Rousseff's efforts to reduce a gaping fiscal deficit and restore confidence in her government's accounts. The Senate voted 45-27 to pass the bill which was received from the lower house with no changes.