RIO DE JANEIRO, November 11. /Offset. TASS Darya Yuryeva/. Protesters who oppose the initiative on the limitation of public spending, have blocked highways in at least five regions of Brazil. About it reported the Internet-portal UOL.
According to him, we are talking about the States of são Paulo, Rio de Janeiro, Rio Grande do Sul, Bahia and Pernambuco. The protest was organized by trade unions and social movements. As reported, protesters blocked roads with car tires and in some cases set them on fire.
In late October, the lower house of the Brazilian Parliament has supported at first reading a constitutional amendment limiting government spending proposed by President Michel Temer. Under the bill, over the next 20 years the growth in underlying Central government expenditures should not exceed the inflation rate of the previous year. In the near future the bill will be sent for consideration of the Federal Senate (the upper chamber), and then to the President for signature. It is expected to be finally adopted before the end of the year.
Constitutional amendment limiting government spending is one of the key economic initiatives of the President of Brazil and the government formed by it. The authors of the bill believe it is necessary to eliminate the fiscal deficit and attract foreign investment. In turn, the opposition argued that the adoption of this amendment would reduce funding of education, health and social programs – that is, will negatively affect the least protected layers of the population. Discussion of the initiative was accompanied by protests from opposition deputies and the public.
According to forecasts of the government of Brazil, the budget deficit is the largest South American country by the end of 2016 could be up to RUR 170.5 billion reais ($ 48.7 billion). If the claimed rate is not reduced, it will be the highest since 1997, when they began to appropriate statistics.
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