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Brazil’s Indebted States Dealt Blow as Temer Vetoes Relief

  • Temer decides to partially veto bill for cash-strapped states
  • Lawmakers had voted to strip states of austerity obligations
Brazilian President Michel Temer

Brazilian President Michel Temer

Photographer: Andressa Anholete/AFP via Getty Images
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Brazilian President Michel Temer vetoed part of a bill providing relief for the nation’s debt-ridden states, demanding they do their part in fixing a financial crisis that has forced cuts in services and delays on salaries.

The finance ministry on Wednesday said that the president had decided to veto the provisions that would have largely exempted states from cost-cutting measures, according to a statement published by its press office. It added that the ministry would continue to look for a solution to grant states the necessary tools to carry out fiscal adjustments.