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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The interim government of brazil announced on Tuesday the first economic measures to try to improve the country’s ailing economy, by cutting down spending and reducing Brazil’s public debt. Finance Minister, Henrique Meirelles, said that one of the measures include the creation of a ceiling limit for the public spending whereas the spending of the year would not exceed the volume of the previous year plus inflation.

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