December 17, 2015 / 5:53 PM / 2 years ago

Brazil's congress approves 2016 national budget bill

SAO PAULO, Dec 17 (Reuters) - The Brazilian Congress on Thursday approved the 2016 national budget bill, preserving a popular welfare social program made possible after the government reduced the fiscal savings target.

The budget bill foresees additional revenue of around 10 billion reais coming from a tax on financial transactions (CPMF), which Congress has yet to approve. (Reporting by Marcela Ayres and Leonardo Goy; Writing by Marcelo Teixeira; Editing by James Dalgleish)

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