Debate on Renda Brasil causes disagreements in the government

BRAZIL POLITICS - Report 26 Aug 2020 by Murillo de Aragão and Cristiano Noronha

When participating in an event at Usiminas, in Minas Gerais (MG) today, President Jair Bolsonaro announced that the proposal for the Renda Brasil program, presented by the economic team, has been suspended. Bolsonaro is said to be dissatisfied with a value of Renda Brasil below R$ 300. There is also disagreement as to the end of the salary bonus.

The disagreements with the economic team over the value of the Renda Brasil program, as well as the source of funds to finance it, is yet another chapter in the dispute between the political and economic wings of the government. As Bolsonaro’s popularity has grown with the beneficiaries of emergency aid, who are mostly the low-income population and who are also beneficiaries of social programs such as the salary bonus, for example, he has tended to resist interfering in the government programs that benefit this group. The economic team, in turn, is concerned about demonstrating, especially to the financial sector, that its commitment to fiscal austerity will not be left aside.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.