Brazil budget goal bill to limit gov't debt payments to state-run banks

October 29, 2015 6:56 PM

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BRASILIA Oct 29 The bill changing Brazil's 2015 budget goal will limit debt payments by the government to state-run banks at 55 billion reais ($14.26 billion) this year, according to a lawmaker involved in the talks between the government and Congress.

House representative Hugo Leal, responsible for analyzing and drafting the bill in the congressional budgetary commission, included the estimate after opposition lawmakers said the government's first proposal infringed the fiscal responsibility law as it allowed for a flexible budget target for 2015...

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