RIO DE JANEIRO, BRAZIL - The Ministry of Economy said yesterday, May 12th, that the emergency aid cannot become permanent, so as not to compromise fiscal policy.
"Concerning the news that the emergency aid program could become permanent, the Ministry of Economy states that it has been implementing temporary measures to tackle the impact of the pandemic. Expenditure incurred at this exceptional time should not be converted into a permanent measure, so as not to jeopardize the recovery of public accounts starting in 2021 nor the sustainable trajectory of public debt. The commitment to the spending ceiling lends credibility and promotes . . .