By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Determined to push through much needed fiscal adjustments to boost Brazil’s ailing economy, President Dilma Rousseff sanctioned on Wednesday (June 17th) a law which will limit unemployment benefits. With unemployment rates slowly beginning to rise, the federal government hopes to spend less on benefits with the new law.
According to calculations by Brazil’s Planning Ministry, the new law along with another bill waiting for Presidential sanction which also limits pension benefits, will help the federal government save up to R$15 billion (US$4.8 billion) per year . . .
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