Thursday, July 12, 2007

Brazil Congress passes 2008 budget guidelines

(Reuters) - The proposed guidelines were first sent to Congress in
April and encompassed keeping the primary budget surplus target
for the 2008-2010 period at 3.8 percent of gross domestic
product.




The primary budget surplus, which excludes interest
payments, is closely followed by analysts and investors as a
gauge of the government's ability to service its debt.


Read more at Reuters.com Bonds News

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