Brazil Daily

Brazil approves diluted austerity bill, satisfying no one

Today: Experts say Brazil’s new austerity bill does not go far enough and is not worth the hassle. States go in different directions on Covid-19 restrictions. Lula or Bolsonaro? Some voters say they could pick either.

Austerity bill: too much trouble for too little results

On Thursday, Congress approved the constitutional amendment proposal granting the government BRL 44 billion (USD 7.9 billion) to revive the coronavirus emergency salary program. This money will not be subject to federal spending cap rules, which limit the sitting administration from raising public expenditure above inflation. The proposal also gives the government some instruments...

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