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Brazil's Meirelles says data points to economic recovery

Brazil's Finance Minister Henrique Meirelles attends an economics and politics forum in Sao Paulo, Brazil, September 30, 2016. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) - Brazil’s economy is on track to recover from a long recession but structural reforms need to be approved, Finance Minister Henrique Meirelles said on Friday.

Meirelles, on the sidelines of a conference in Sao Paulo, added that legislators can only increase spending in some areas of the 2017 budget if they also propose cuts in others.

Reporting by Luiz Gerbelli; Writing by Silvio Cascione; Editing by Chris Reese

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