Brazil's lower house approved billions in extraordinary credits that sit outside the annual budget and the fiscal framework, testing its own spending rules.
Fiscal Policy
Key Facts
—The vote. Brazil’s lower house approved about $2.4 billion (R$12.3 billion) in extraordinary credits.
—The big piece. The largest single item is a $1.9 billion (R$10 billion) diesel subsidy running to year-end.
—The relief. Another $253 million (R$1.3 billion) funds flood recovery and housing in Minas Gerais.
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