Tag: money support program

• Wednesday, October 20th 2021 - 09:25 UTC

  Brazilian markets plummet on new money support program that ignores budget expenditure cap

  

  Contrary to optimism in world markets, shares in Brazil dropped 3,28% on average following news of a new “Brazil Auxilio” program intended to give monetary support to some 17 million families described as vulnerable or suffering the consequences of Covid-19. But to achieve this the budget cap on expenditure must be violated or hidden behind some accounting cosmetics.