BRASILIA Brazil's government on Monday detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country's spending cap and fiscal rules.
BRASILIA Brazil's recent market volatility and a surge in borrowing costs are a "warning" that the government must rein in spending and get back on a more stable fiscal footing, the country's top treasury official told Reuters.
BRASILIA The Brazilian government's administrative reform proposals to simplify and reduce the cost of the public sector will generate at least 300 billion reais ($57 billion) of savings over the next decade, Economy Minister Paulo Guedes said on Wednesday.
BRASILIA, Sept 8 Brazil's central bank on
Tuesday launched a "Sustainability" agenda that will further
embed green and climate issues into its policies and decisions
on currency reserves management, bank stress tests and lending
BRASILIA, Sept 3 Brazil's government on Thursday
presented to congress a constitutional reform bill aimed at
simplifying and reducing the cost of its public sector, which it
argues is too bloated and a major reason why the public finances
are in such poor shape.
BRASILIA Brazil's President Jair Bolsonaro on Tuesday extended until the end of the year payments for low-income Brazilians hit by the economic fallout from the COVID-19 pandemic, a program that has boosted his popularity but created tension with his finance team.
BRASILIA Brazilian central bank president Roberto Campos Neto said on Monday that he has not been sounded out about replacing Economy Minister Paulo Guedes when he eventually leaves his post, and said the whole notion is a "non-issue."
BRASILIA, Aug 24 Brazil is testing the
lower-bound limit on interest rates, but great care is needed if
that level is to be crossed given the potential negative effects
on the banking system and financial markets, central bank
president Roberto Campos Neto said on Monday.
BRASILIA Brazil posted its strongest July job growth in eight years, official figures showed on Friday, snapping four consecutive months of job losses as the country continued to relax the coronavirus-fighting lockdown measures from earlier in the year.
BRASILIA Emergency payments to Brazil's poor could be extended through the end of the year, President Jair Bolsonaro said on Wednesday, but at a lower rate than the current 600 reais ($108) a month.