During a televised interview, House Speaker Rodrigo Maia indicated that he expects Congress to fast-track Covid-19-related bills on healthcare, education, and social aid for low-income populations. Mr. Maia, however, failed to offer details related to what these bills would entail.
He further added that the House is working alongside the Central Bank on a bill about interests on deposits—but also didn’t give any detail. He also indicated that he will fast-track an aid package for state administrations, pending on further adjustments to be made in conjunction with the Economy Ministry.
Mr. Maia has shown strong support for the creation of a “war budget,” differentiated from the “regular” budget. He claimed it was necessary in order to avoid creating long-term, crippling debts in order to fund the fight against the Covid-19 pandemic. He expects this “war effort” to push the primary deficit to over BRL 200 billion this year.
The House speaker claimed that 90 percent of economic agents with whom he has talked backed the idea, including the government’s own economic team. According to Mr. Maia, “We must not let the expenses created now become permanent, compromising our future.”
The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…
Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…
The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…
The preliminary report on AI regulations presented to Brazil’s Senate last week provides a middle-of-the-road…
In 2000, Formula 1 great Michael Schumacher had just racked up his 41st race win,…
Overall, the worldwide economic outlook has improved according to the Organization for Economic Co-operation and…