Business

Brazilian state finances in a desperate situation

state finances
Rio de Janeiro civil servants protest delays in paychecks

With terms coming to an end on December 31, over a third of Brazilian state governors are set to leave their successors without money to pay expenses incurred during the current administration. This finding, obtained by Broadcast, is yet another example of the pitiful situation of state finances across the country.

It is the responsibility of governors to pay all expenses incurred during their term, but several states have already admitted they will have no resources to pay Christmas bonuses to public servants.

The outgoing state governors have...

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