Brazil Congress Approves Oil Royalty Bill

BRASILIA, Brazil (AP) — The lower house of Brazil's Congress has approved a bill that sets aside all royalties from newly discovered oil fields for education and health programs.

The Chamber of Deputies approved the bill Wednesday night. It stipulates that 75 percent of the royalties be used for education and 25 percent for health.

It was among the reforms the government proposed after widespread protests swept the country in June targeting transportation fare hikes, corruption, high taxes, and faulty public services.

The proposed law says the royalties will come from drilling contracts signed after Dec.2012.

President Dilma Rousseff must now sign off on the legislation, which was earlier approved by the Senate.

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Robson Teixeira | Aug. 23, 2013
I think that is time to Brazil governors start to make of our country the place that they are going to looking for in the North America and Europe to live. One example among many others: The last one Macať Mayor was liviing in Miami some monthss ago. One question: Why do not make at Macať the same as the Miami Mayor made for Miami? Corruption and lazy behavior! We have to change!!! We are a people that know their own rights!!! It must change.


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