Good morning! Today, the government’s new wealth transfer program could blow a hole in the federal spending ceiling. The Covid inquiry tones down its accusations against President Bolsonaro. Petrobras struggling to keep up with Brazil’s fuel demand, and beef producers stuck amid China export ban.
Bolsonaro arming a fiscal time bomb
Everything was set for the government to make a major announcement on Tuesday afternoon, bringing its new Auxílio Brasil cash transfer program to life, paying monthly benefits of BRL 400 (USD 71), per some reports. If confirmed, the scheme would give larger stipends than the current coronavirus emergency salary...
