IBOV 185,147.15 ▼ 0.02% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,727.54 ▼ 0.21% MERVAL 3,034,599 ▲ 1.11% COLCAP 2,565.50 ▲ 0.82% BVL PERÚ 59,789.81 — — USD/BRL5.12▼ 0.19% USD/MXN16.96▲ 0.28% USD/CLP930.46▼ 0.44% USD/COP3,131▲ 0.09% USD/PEN3.35▼ 0.17% USD/ARS1,511▼ 0.05% USD/UYU40.24▲ 1.25% USD/PYG5,947— 0.00% USD/BOB12.40▲ 1.62% USD/DOP58.99▲ 0.83% USD/CRC448.67▲ 1.62% USD/GTQ7.63— 0.00% USD/HNL26.84▲ 1.59% USD/NIO36.62▲ 0.69% USD/VES812.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.98% EUR/BRL5.94▼ 0.17% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,147.15 ▼ 0.02% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,727.54 ▼ 0.21% MERVAL 3,034,599 ▲ 1.11% COLCAP 2,565.50 ▲ 0.82% BVL PERÚ 59,789.81 — — USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Tuesday, September 8, 2026

Politics - Brazil Rio de Janeiro

Brazilians Protest Against Government Spending Limit

By · October 18, 2016 · 2 min read

The LatAm Brief

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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazilians once again took to the streets on Monday to protest against a proposed Constitutional Amendment (PEC241) which limits public expenditures for the next twenty years in Brazil. Protesters in Rio de Janeiro, São Paulo as well as other state capitals say the new amendment will decrease even more government investments in education and health.

Brazil, Rio de Janeiro,Protesters in Rio de Janeiro against Constitutional Amendment PEC 241
Protesters in Rio de Janeiro against Constitutional Amendment PEC 241, photo by Fernando Frazão/Agência Brasil.
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“This protest is against the PEC 241, we are fighting against a spending freeze on social services, against cuts, and ultimately, (a cut of) social rights,” Real Democracy movement representative Marcio Ribeiro told Agencia Brasil in São Paulo. The protest in São Paulo was along the city’s famous Avenida Paulista and no major incidents were reported.

In Rio de Janeiro the protest began peacefully but quickly escalated to violence, with police clashing with protesters at Cinelandia. Police started to throw tear gas to disperse the crowd and some sought refuge in nearby bars and cafes.

According to protesters, police officers went after them inside the famous bohemian cafe Amarelinho. According to reports the situation escalated with clients and protesters throwing chairs and tables at police officers. There were, however, no reports of serious injuries.

The amendment calls for federal spending to be limited to a ceiling of the previous year’s budget, adjusted by the inflation measured by the Consumer Price Index (IPCA). The measure, according to the Administration, is the first step to overcoming Brazil’s economic crisis.

Demonstrators however say the amendment, dubbed #AmendmentoftheEndoftheWorld, would reduce social programs, cut into the federal government’s education and health budget and do away with a real increase in the country’s minimum wage until 2036.

Protesters claim that once again the population is paying the ultimate price for bad decisions made in the political and economic realms. “There are other alternatives. Bankers who are very wealthy people who should split the bill for the crisis and the fiscal adjustment,” concluded Ribeiro.

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