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Brazil sees $1.5 billion fiscal impact from post-flood measures

Reuters

BRASILIA, May 9 (Reuters) - Brazil's aid measures after historic floods battering Rio Grande do Sul state will result in a fiscal impact of 7.7 billion reais ($1.49 billion) for the federal government, Finance Minister Fernando Haddad said on Wednesday.

Speaking at an event at the presidential palace, Haddad said the government would also implement other measures that do not affect the primary balance, such as the anticipation of benefits, income tax refunds, and suspension of debt payments. ($1 = 5.1604 reais) (Reporting by Marcela Ayres; editing by Gabriel Araujo)