Skip to content
Subscriber Only

Brazil Congress Upsets Levy Spending Cuts With Pension Boost

Updated on

Brazil’s lower house approved an amendment that raises benefits for pensioners, upsetting Finance Minister Joaquim Levy’s efforts to contain government spending.

Lawmakers on Wednesday evening voted 232 to 210 in favor of the amendment that raises federal spending on retirees. The approval came just hours after legislators approved the basic text of a broader bill designed to shore up fiscal accounts by limiting sick leave and pension payments to surviving relatives. The bill and amendment now go to the Senate.