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Brazil's Barbosa says aims to limit pension, personnel spending
September 1, 2015 / 4:21 PM / 2 years ago

Brazil's Barbosa says aims to limit pension, personnel spending

BRASILIA, Sept 1 (Reuters) - The Brazilian government will work on reforms to limit spending on pensions and public payrolls, Planning Minister Nelson Barbosa told lawmakers on Tuesday as the administration struggles to contain a widening fiscal deficit.

The government on Monday presented a budget bill that, for the first time ever, forecasts a primary deficit. The bill fanned fears the once-booming economy could lose its investment-grade rating soon.

Reporting by Leonardo Goy; Writing by Alonso Soto; Editing by Chizu Nomiyama

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