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Lula Agrees to Back Lira's Re-Election in Return for Spending Support

BRAZIL
  • In political machinations, Bloomberg report that Lula has agreed to support the re-election of House Speak Lira, on the condition that Lira supports Bolsa Familia social programs outside of the spending cap rules for at least two years, according to sources.
  • The sources added that Lula is considering reinstating tax burdens that were eliminated under Bolsonaro, including taxes on fuel and industrial products.

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