December 14, 2017 / 10:51 AM / 2 years ago

Brazil Congress approves national budget

SAO PAULO, Dec 14 (Reuters) - Brazil’s Congress approved late on Wednesday a national budget for 2018 estimating 2.5 percent growth in gross domestic product, according to the Senate’s news agency website.

The budget also estimates a federal government primary deficit of 157 billion reais ($47.4 billion), 585 billion reais in pension-related spending, and 316 billion reais in interest payments on the government debt, the website said.

This is the first budget approved under rules that put a ceiling on public spending. ($1 = 3.3099 reais) (Reporting by Eduardo Simões; Writing by Ana Mano)

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