Weekly Tracker: July 16-23

BRAZIL POLITICS - Report 16 Jul 2013 by Murillo de Aragão and Cristiano Noronha

The week begins with indecision regarding the congressional recess. According to the Constitution, to begin the recess, congressmen and senators must vote on the Budget Guidelines Law. However, the rapporteur believes that it will not be voted upon until August. The government may announce budget cuts of approximately R$ 12 billion. On Thursday, the Central Bank releases the minutes of the most recent Monetary Policy Committee meeting. A controversial agenda before the congressional recess The congressional recess begins on Thursday, July 18. However, the difficulty of an agreement on the v...

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