February 13, 2017 / 6:46 PM / in 8 months

Brazil this week to submit bill to help cash-strapped states

BRASILIA, Feb 13 (Reuters) - Brazilian Finance Minister Henrique Meirelles plans to submit to Congress this week a bill to help shore up the finances of states suffering a crippling fiscal crisis.

Meirelles said on Monday the approval of the new bill is needed for the federal government to honor a rescue program to suspend debt payments from the state of Rio de Janeiro. Facing a sharp drop in tax revenues the state has missed wage payments of police and doctors since last year. (Reporting by Marcela Ayres; Writing by Alonso Soto; Editing by Chris Reese)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below