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Why has Brazil raised taxes?

The Brazilian government has announced a $7bn (拢4.5bn) package of spending cuts aimed at plugging a huge black hole in the country's 2016 budget. 麻豆社's Andrew Walker says not everyone will be happy.

Photo: Brazilian Minister of Finance Joaquim Levy annoucnces the news.
AFP PHOTO/EVARISTO SAEVARISTO SA/AFP/Getty Images

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