Brazil mulls larger spending freeze along with tax hike

BRASILIA (Reuters) - Brazil is considering a larger spending freeze in 2017 as planned tax hikes to be announced on Thursday are unlikely to cover a budget

shortfall, a government source told Reuters.

The government expects higher taxes on gasoline to help it raise an additional 11 billion reais this year, the source said. The government targets a budget deficit of 139 billion reais ($44.1 billion) this year before interest payments.

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