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Tag: TCU

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Federal Accounts Court (TCU) in Brazil announced on Wednesday it had found evidence of irregularities in over R$544 million paid for the construction of the Rio de Janeiro Petrochemical...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – The Curmudgeon has been off line for a month now, but he’s back. Sad to say, nothing seems to have changed much in the past month. Or at least, change for...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With time running out, government officials in Brazil scramble to get the tough fiscal measures approved by Congress. Finance Minister, Joaquim Levy, is one of the most active members of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government of Brazil is expected to announce a revision in its 2015 budget on Friday from a primary surplus of R$8.74 billion to a primary deficit of between R$70-75...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – Last week, in a move designed to promote her desire to do something to keep the proverbial cow from meandering even further into the economical morass, President Dilma announced her “reformation”...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - Not long ago, there were reports that the TCU, one of Brazil’s government oversight agencies, was actually going to grow teeth and repudiate 2014’s federal statement of accounts, because of the...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - The month of August is known as being difficult for Brazilian Presidents. Getulio Vargas committed suicide in August 1954, and Janio Quadros resigned in August 1961. August 2015 promises to be...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - For reasons of space, the Curmudgeon’s latest effort did not mention a fifth President: Aroldo Cedraz, the President of TCU, Brazil’s federal audit board, which reports to Congress. Yesterday, the day...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – President Dilma Rousseff has until Wednesday, July 22nd, to present her defense to the country’s audit court (Tribunal de Contas da União – TCU) of budget practices which could be...
By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian state-controlled oil company Petrobras is under investigation by the country’s federal police after claims that the oil giant accepted US$139 million in bribes from the Dutch company SBM Offshore...
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