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Rio City Hall Must Raise R$7 Billion by Year-end to Meet 2019 Budget Forecast

RIO DE JANEIRO, BRAZIL - A report by TV Globo showed that Rio's City Hall needs to raise R$7 billion (US$1.75 million) to reach its budget planned in early 2019.

However, there are less than 50 days left until the year ends. The city is already on "overdraft", with a nearly R$2 billion shortfall.

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