Brazil’s Congress on Wednesday night voted to raise the ceiling for the government’s projected 2015 budget deficit. The vote was a major victory for the embattled administration of President Dilma Rousseff. Congress voted to allow a primary government deficit this year of up to R$120 billion. The previous ceiling was R$51.8 billion. The President said the new ceiling was necessary in order to guarantee continued delivery of basic government services. Brazil has seen significant deterioration in its public finances this year. Revenues have been sliding because of an economic downturn while expenditures on unemployment insurance and other benefits have risen.
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