Bolsonaro: Aid to Brazil’s poor to rise 58% amid high food costs
3 years, 6 months ago

Bolsonaro: Aid to Brazil’s poor to rise 58% amid high food costs

Al Jazeera  

If confirmed, the 58 percent increase in aid announced by Brazilian President Jair Bolsonaro in a TV interview late on Tuesday would be far higher than the one under consideration by the country’s economy ministry. Brazil’s President Jair Bolsonaro said in a TV interview that his government would raise monthly payments under a popular welfare programme to 300 reais from 190 reais starting in December. If confirmed, the 58 percent increase announced by Bolsonaro in an interview with the RecordTV channel late on Tuesday would be far higher than the one under consideration at the country’s economy ministry and put Brazil’s public finances back under the microscope. Current annual inflation of 8 percent gives the government more leeway to increase spending next year without breaching the cap, perhaps as much as 124 billion reais extra, economists at Barclays calculate.

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History of this topic

Lula Announces Financial Aid for Blackouts in Sao Paulo
2 months ago

Lula Announces Financial Aid for Blackouts in Sao Paulo

Live Mint  

Brazil President Luiz Inacio Lula da Silva has pledged government assistance to victims of blackouts in Sao Paulo due to heavy rains. The government will provide credit to 250,000 small businesses and 850,000 people who lost power for extended periods. The assistance will come from existing funds and will not have a primary fiscal impact or effect on public spending …

Brazil urges additional aid after $10 Billion plan to combat floods
7 months, 1 week ago

Brazil urges additional aid after $10 Billion plan to combat floods

Hindustan Times  

The Brazilian government is weighing additional measures to help combat the fallout from historic floods in the state of Rio Grande do Sul, just days after unveiling a 52 billion reais aid plan. Military personnel help people crossing a boat from Arroio do Meio to Lajeado, over the Forquilha river The country is in talks with international financial institutions including …

Brazil’s Bolsonaro to receive pension as ex-lawmaker
2 years ago

Brazil’s Bolsonaro to receive pension as ex-lawmaker

Associated Press  

BRASILIA, Brazil — Brazilian President Jair Bolsonaro, who was beaten by leftist Luiz Inacio Lula da Silva in October’s presidential election, is receiving a pension for the years he spent as a lawmaker on top of the pension he receives as a former army captain. Bolsonaro, who leaves office on Jan. 1, had previously refused to receive the legislative pension, …

Hardship for Brazil’s poor may cost Bolsonaro election
2 years, 2 months ago

Hardship for Brazil’s poor may cost Bolsonaro election

Associated Press  

SAO PAULO — Brazil’s presidential election will be decided by tens of millions of poor people, and they look set to eject incumbent Jair Bolsonaro from office — either in Sunday’s first round or in a runoff. The race’s frontrunner, leftist former President Luiz Inácio Lula da Silva, is rekindling memories of his 2003-2010 presidency, when many poor Brazilians could …

With elections in sight, Brazil increases spending cap
2 years, 5 months ago

With elections in sight, Brazil increases spending cap

Associated Press  

RIO DE JANEIRO — Millions of Brazilians — and likely the president’s reelection campaign — will get a hefty boost from a measure approved by Brazil’s Congress that sharply raises subsidies for the poor less than three months before presidential voting. The left-leaning opposition reluctantly backed the government’s proposed constitutional amendment even as it accused President Jair Bolsonaro of using …

Brazil’s Bolsonaro shakes up administration, eying election
2 years, 8 months ago

Brazil’s Bolsonaro shakes up administration, eying election

Associated Press  

SAO PAULO — Brazilian President Jair Bolsonaro made two major personnel changes Monday, seeking to cap off a series of developments perceived as damaging to his administration before October’s presidential election. The second shift came at the country’s state-run oil giant Petrobras, with Bolsonaro changing its president after the company boosted fuel prices to pass some of the global oil …

Brazil’s Bolsonaro sending aid to northeast amid deadly floods
2 years, 11 months ago

Brazil’s Bolsonaro sending aid to northeast amid deadly floods

Al Jazeera  

Government allocating $35.5m in disaster aid after 20 killed, nearly 50,000 displaced by severe flooding in Bahia state. Brazil’s government has announced $35.5m in disaster relief funds for the country’s northeast, where 20 people have died and tens of thousands have been displaced by severe flooding. Bahia Governor Rui Costa said nearly 50,000 people had been displaced and 5,000 new …

Brazil enters into recession as post-COVID recovery falls flat
3 years ago

Brazil enters into recession as post-COVID recovery falls flat

Al Jazeera  

The blow to economic growth comes as President Jair Bolsonaro prepares for his re-election campaign. Brazil’s economy fell into recession as extreme weather conditions, high interest rates and inflation cut short its recovery from the pandemic, dealing a blow to President Jair Bolsonaro just as he prepares for his re-election campaign. Unemployment stands above 12%, annual inflation is running at …

Brazil swaps acclaimed welfare program for untested stand-in
3 years, 1 month ago

Brazil swaps acclaimed welfare program for untested stand-in

Associated Press  

RIO DE JANEIRO — Brazil’s government rolled out a new welfare program Wednesday, temporarily ensuring much needed financial help for millions of families while also worrying experts because funding and other details have yet to be determined. The cash-transfer program is called Brazil Aid and replaces Bolsa Familia, a widely praised, two-decade-old initiative of the leftist Workers’ Party. It’s a …

Brazilians thrown back into poverty as COVID aid dries up
3 years, 8 months ago

Brazilians thrown back into poverty as COVID aid dries up

Al Jazeera  

That nearly $60bn burst of basic income softened the economic blow of the coronavirus pandemic, boosted President Jair Bolsonaro’s popularity and beat back poverty — but its expiration at the end of 2020 is unravelling many of those effects. From April to December, she and some 66 million other Brazilians received money from the government’s most generous cash transfer programme …

Brazil economists call for tougher measures as cases ramp up
3 years, 9 months ago

Brazil economists call for tougher measures as cases ramp up

Associated Press  

RIO DE JANEIRO — Hundreds of Brazilian economists, including former finance ministers and central bank presidents, urged the Brazilian government in an open letter published on Monday to speed up vaccination and adopt tougher restrictions to stop the rampant spread of COVID-19. “This recession, as well as its harmful social consequences, was caused by the pandemic and will not be …

Brazil’s poor squeezed by less virus aid, surging food costs
4 years, 2 months ago

Brazil’s poor squeezed by less virus aid, surging food costs

Associated Press  

RIO DE JANEIRO — Many people in Brazil are struggling to cope with less pandemic aid from the government and jumping food prices, with millions expected to slip back into poverty. Brazil’s government, starting this month, halved the amount of its monthly emergency cash transfers to help Brazil’s poor withstand the hardship of the economic meltdown, down to 300 reais. …

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