Good morning! This week, why Jair Bolsonaro is having a hard time sparking economic optimism. The signals from the BRICS Summit. Next steps for Petrobras, and Brazil’s growing push for fuel imports.
☕ If you like our work and want to give us an extra boost, you can fill up our reporters’ coffee mugs. Supporters get exclusive perks! Find out more.
Why Bolsonaro’s aid policies are not giving him votes
The latest presidential poll shows that former President Luiz Inácio Lula da Silva remains in a position to win the 2022 race in a first-round landslide. Meanwhile, in order to shorten his odds, President Jair Bolsonaro wants to jack up aid policies as a way to create feel-good factors around the economy.
Keep an eye out for. Today, an allied senator is set to present a bill to raise payments of a flagship cash-transfer policy by 50 percent, create handouts for truckers, and provide subsidies for cooking gas purchases.
- Recently, the government also greenlit withdrawals from the FGTS mandatory severance fund and an advance payment of Christmas bonuses for retired workers and pensioners.
Yes, but … At the turn of the year, Mr. Bolsonaro already tried that strategy by rebranding...