The Brazilian parliament yesterday approved the general budget for 2023, the first year of President-elect Luiz Inácio Lula da Silva’s new term, with a significant increase in public spending.
Federal deputies and senators approved on Thursday in a joint session the budget for 2023, which foresees state spending of 5.340 trillion dollars ($1.1 trillion), of which 40 percent will go to public debt commitments and maturities.
The Brazilian budget for 2023 also provides for a monthly payment of R$600 (about US$110) for the Bolsa Familia program, which provides social assistance to the poorest. . .
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