Guedes ruled out extending emergency aid; Maia supports him

BRAZIL POLITICS - Report 07 Oct 2020 by Murillo de Aragão and Cristiano Noronha

The Minister of the Economy, Paulo Guedes, ruled out the possibility of extending the emergency aid to 2021. According to Guedes, the aid paid to informal workers will end in December. The minister believes a possible extension of the aid is unreasonable.

The President of the Lower House, Rodrigo Maia (DEM-RJ), agreed with Paulo Guedes’s position on Twitter, showing that the two are in fact working together. The teamwork between the two main players in promoting fiscal responsibility is positive. However, the issue of funding the Renda Cidadã continues to challenge the government.

To avoid conflict, the new social program may be announced in early December, after the municipal elections. The government would gain time to work on a viable proposal. It may also signal that President Jair Bolsonaro may accept one or another suggestion made by the Special Secretary of the Ministry of the Economy, Waldery Rodrigues. Among them are changes in the salary allowance and the readjustment of pensions and INSS benefits.

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