Senate President Davi Alcolumbre. Photo: Edilson Rodrigues/Agência Senado
In a 79-1 vote that lasted over six hours, the Brazilian Senate passed a new plan to provide states with financial relief. The new bill is quite different from the one previously approved by the House — it sends BRL 60 billion directly to state and municipal-level administrations. It also allows for states and municipalities to renegotiate their debts (amounting to a BRL 120 billion in indirect aid). Our Weekly Report tomorrow will explain the plan in detail.
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