Brazil Daily

Government sweating over next year’s budget

Today we’re covering the government’s 2021 budget quagmire. Renewed hope for WhatsApp Pay. And Facebook’s move into e-commerce in Latin America.

Government running out of time (and money) to draw up 2021 budget

To deal with the coronavirus, Congress declared a state of public calamity — which lifts several controls on public spending — and approved the so-called “War Budget,” essentially creating a separate budget for expenditure on measures to counter the effects of the pandemic, both in economic and health terms. These moves were key for the federal government, as it allowed it to disregard fiscal caps in order to...

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