Brazil's Congress loosens 2014 fiscal goal in bruising vote

December 4, 2014 7:14 AM

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Brazil's Congress loosens 2014 fiscal goal in bruising vote

BRASILIA (Reuters) - President Dilma Rousseff won a hard-fought victory in Brazil's Congress early on Thursday with the passage of legislation that frees her administration from complying with its fiscal savings goal for this year.

The amendment to the budget law, approved in a heated 17-hour joint session of Congress, allows her government to deduct infrastructure investments and tax breaks to lower the primary surplus goal to one tenth of its original level.

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