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canadian goose jacket BRASILIA (Reuters) A congressional committee in Brazil approved a constitutional amendment on Thursday that would limit public spending increases for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening Canada Goose Parka deficit. canadian goose jacket

Canada Goose Jackets Brazil’s President Michel Temer gestures as he attends an economics and politics forum in Sao Paulo, Brazil, September uk canada goose outlet 30, 2016. REUTERS/Paulo Whitaker Canada Goose Jackets

canada goose deals The lower house committee voted 23 7 to pass the proposal, which will be put to a vote in the full chamber early next week. Its approval requires canada goose factory sale two votes in the plenary of the lower house and two Canada Goose online more in the Senate, needing a three fifths majority in each. canada goose deals

cheap Canada Goose The unprecedented amendment, which limits the growth of federal spending to the rate of inflation, is aimed at gradually closing a yawning budget gap that buy canada goose jacket topped 10 percent of gross domestic product (GDP) last year. cheap Canada Goose

canada goose coats It is the first of a series of austerity measures to assuage market concerns that the www.gofind.ca once booming economy, which was stripped canada goose coats of its investment grade rating last year, could be hurtling towards a debt crisis. canada goose coats

canada goose store The cap would mark a sea change for public finances in a country where governments have long spent more than they earned. canada goose store

canada goose coats on sale In an interview with Reuters before Canada Goose sale the vote, Finance Minister Henrique Meirelles said canada goose uk outlet approval of the ceiling by the committee would be a step to implement the fiscal adjustment. canada goose coats on sale

canada goose In an address to the country broadcast over radio and television, Meirelles later Canada Goose Coats On Sale said that bringing spending canada goose clearance sale under control was vital if Brazil was to restore credibility and attract investment buy canada goose jacket cheap to grow Canada Goose Outlet again. He pledged that health and education spending would not be cut. canada goose

Canada Goose Parka Analysts have said that further reform to slash the cost of an overburdened pension system is crucial to bring the deficit under control, in addition to measures to curb spending and increase revenues. Canada Goose Parka

Canada Goose sale Temer, who took over the Canada Goose Online presidency Canada Goose Jackets on an interim basis in May when president Dilma Rousseff was impeached, has vowed to canada goose black friday sale balance Brazil overdrawn accounts. His government has stepped up its reform efforts since Rousseff was formally dismissed in August, launching a campaign this cheap canada goose uk week to convince Brazilians of the need to canada goose store tighten belts. Canada Goose sale

buy canada goose jacket Temer has warned that pension system deficit will hit 100 billion real ($31 billion) canada goose uk black friday this year and could reach 150 billion by end 2017. buy canada goose jacket

canada goose clearance sale some point a retired person uk canada goose will knock on the government door and there won be money to pay their pension, he said in a TV interview on Wednesday. He said the government would not tax its way out of canada goose coats on sale the fiscal crunch. canada goose clearance sale

Canada Goose online The spending cap is expected to win approval in Congress, but the canada goose canada goose jackets on sale measure has fanned a heated debate about austerity in a country battered by a two year recession, high inflation and rising unemployment. Canada Goose online

canada goose clearance government says this will help the war on unemployment, but this is war on the unemployed because their health canada goose clearance services will decline and there will be less money for education, said Alessandro Molon of the left of center Rede party. canada goose clearance

buy canada goose jacket cheap Thursday committee meeting was disrupted by teachers who protested that the amendment would reduce spending for education. They were removed by security guards. buy canada goose jacket cheap

canada goose black friday sale Temer government and allies are confident canadian goose jacket the amendment has enough support to clear a first vote in the lower house on Monday or Tuesday canada goose uk shop and win full approval by Congress before year end canada goose black friday sale.

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