Brazil Daily

Brazilians 💚💛 Big Tech

Good morning! Today, we talk about the government’s worries about revenue losses which could come from the courts. The influence of big tech brands on consumers. And Jair Bolsonaro’s counterattack in Congress.

A trillion-real bill on the government’s way?

big tech guedes
Economy Minister Paulo Guedes called Brazil’s debt in IOU bonds a “meteor.” Photo: Jefferson Rudy/SF

For the first time, the government’s estimates of probable future losses from lawsuits broke the mark of BRL 1 trillion (USD 213.9 billion). The numbers come from cases in which the government may have to issue IOU bonds (known in Brazil as precatórios) or when it will have to waive tax revenue.

By the numbers. More than half of the amount...

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