IBOV 172,179.93 ▼ 0.19% IPSA 11,268.86 ▲ 0.11% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,122,064 — 0.00% COLCAP 2,372.50 ▲ 0.94% BVL PERÚ 59,581.33 ▲ 0.19% USD/BRL5.10▼ 0.11% USD/MXN17.12▼ 0.14% USD/CLP913.43▼ 0.42% USD/COP3,125▼ 0.98% USD/PEN3.38▼ 0.10% USD/ARS1,491▼ 0.49% USD/UYU40.25▲ 1.59% USD/PYG5,925▲ 1.88% USD/BOB11.72▲ 0.37% USD/DOP58.20▲ 1.20% USD/CRC447.79▲ 1.51% USD/GTQ7.62▲ 2.47% USD/HNL26.78▲ 1.86% USD/NIO36.62▲ 1.01% USD/VES759.31▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.39% USD/TTD6.71▲ 1.19% EUR/BRL5.89▲ 0.41% BRENT 89.21 ▲ 1.70% WTI 83.67 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.68 ▲ 1.25% GOLD 4,436 ▲ 1.71% SILVER 65.20 ▲ 0.14% SOY 1,181 ▲ 1.99% CORN 463.75 ▲ 5.82% WHEAT 646.75 ▲ 0.98% COFFEE 321.70 ▼ 3.19% SUGAR 16.59 ▲ 0.73% ORANGE JUICE 144.30 ▲ 1.23% COTTON 84.25 ▲ 1.85% COCOA 5,837 ▲ 0.27% BEEF 226.70 ▼ 2.16% CATTLE 344.38 ▼ 2.07% LITHIUM 74.74 ▲ 0.99% PETR4 42.23 ▲ 3.33% VALE3 75.93 ▲ 1.28% ITUB4 40.42 ▼ 0.81% BBDC4 17.18 ▼ 0.75% ABEV3 15.27 ▼ 1.36% BBAS3 20.03 ▼ 0.15% B3SA3 14.67 ▼ 1.87% WEGE3 47.63 ▼ 1.02% PRIO3 61.24 ▲ 6.60% SUZB3 41.29 ▼ 0.98% RENT3 36.30 ▼ 4.02% AZZA3 16.75 ▼ 1.53% CSAN3 3.45 ▼ 5.99% RAIZ4 0.25 ▼ 3.85% PCAR3 2.84 ▼ 2.74% GMAT3 3.68 ▼ 1.34% PSSA3 49.70 ▼ 1.43% CVCB3 1.42 ▼ 6.58% POSI3 3.50 ▼ 0.85% SLCE3 13.37 ▲ 1.13% NATU3 8.08 ▼ 2.42% BRKM5 5.75 ▼ 3.20% RANI3 8.02 ▼ 2.50% CSNA3 4.46 ▼ 2.41% CMIN3 5.46 ▲ 0.18% USIM5 7.16 ▲ 0.14% GGBR4 25.25 ▲ 0.80% ENEV3 25.32 ▼ 3.29% CPFE3 44.40 ▼ 0.89% CMIG4 10.68 ▼ 2.20% EQTL3 36.77 ▼ 1.37% LREN3 12.12 ▼ 2.18% VIVT3 30.55 ▼ 0.10% RAIL3 13.22 ▼ 2.72% KLABIN 17.86 ▼ 0.83% RAIA DROGASIL 19.38 ▼ 4.15% RDOR3 33.97 ▲ 0.15% HAPV3 10.30 ▼ 4.36% FLRY3 18.82 ▼ 0.69% SMTO3 14.95 ▲ 1.22% UGPA3 31.00 ▼ 0.90% VBBR3 33.44 ▼ 2.31% BBSE3 38.23 ▼ 0.39% BPAC11 53.86 ▲ 1.37% CURY3 31.69 ▲ 1.05% AERI3 2.31 ▲ 0.87% VIVARA 21.64 ▲ 0.05% COMPASS 22.52 ▼ 1.36% VAMOS 2.91 ▼ 5.52% SANB11 29.25 ▼ 0.07% ASAI3 8.06 ▼ 2.18% SBSP3 26.55 ▼ 1.26% WALMEX 48.30 ▼ 2.37% GMEXICO 225.00 ▲ 0.09% FEMSA 205.60 ▼ 1.93% CEMEX 19.43 ▼ 0.56% GFNORTE 197.03 ▼ 1.38% BIMBO 61.52 ▲ 0.61% TELEVISA 10.01 ▲ 2.25% AMX 20.52 ▲ 0.44% GAP 370.28 ▼ 2.88% ASUR 274.62 ▼ 0.74% OMA 232.51 ▼ 1.55% KOF 186.29 ▼ 1.49% GRUMA 255.42 ▲ 0.20% KIMBER 40.38 ▼ 0.93% SQM-B 66,950 ▲ 1.76% COPEC 6,102 ▼ 0.21% BSANTANDER 81.80 ▲ 2.05% FALABELLA 6,439 ▼ 0.47% ENELAM 87.50 ▲ 0.11% CENCOSUD 2,050 — 0.00% CMPC 1,036 ▲ 0.54% BANCO CHILE 189.76 ▲ 0.59% LATAM AIR 24.79 ▼ 3.91% YPF 8,065 ▲ 3.73% GGAL 7,360 ▲ 0.62% PAMPA 5,240 — 0.00% TXAR 754.50 ▲ 5.45% ALUAR 951.50 ▲ 1.82% TGS 9,330 ▲ 2.13% CEPU 2,188 ▼ 0.91% MIRGOR 1,690 ▲ 3.68% COME 42.89 ▲ 3.82% LOMA NEGRA 3,260 ▼ 0.15% BYMA 286.75 ▼ 1.46% TELECOM ARG 4,520 ▲ 3.20% ECOPETROL 17.05 ▲ 1.61% BANCOLOMBIA 91.47 ▲ 2.95% GRUPO AVAL 5.28 ▲ 4.35% CREDICORP 382.21 ▼ 1.22% SOUTHERN COPPER 200.11 ▲ 0.53% BUENAVENTURA 34.61 ▲ 1.35% MERCADOLIBRE 1,824 ▲ 0.20% NUBANK 13.86 ▲ 0.14% XP 16.20 ▼ 0.25% PAGSEGURO 9.08 ▼ 0.66% STONE 10.37 ▼ 2.17% GLOBANT 38.58 ▲ 3.14% TECNOGLASS 41.43 ▼ 6.14% GAP AIRPORT 216.17 ▼ 2.93% ASUR 274.62 ▼ 0.74% OMA AIRPORT 108.53 ▼ 1.73% AMX ADR 23.89 ▲ 0.59% FEMSA ADR 119.92 — 0.00% CEMEX ADR 11.30 ▼ 0.26% PETROBRAS ADR 18.33 ▲ 2.06% VALE ADR 14.89 ▲ 1.22% ITAU ADR 7.88 ▼ 0.76% SANTANDER BR 5.76 ▼ 0.86% AMBEV ADR 2.94 ▼ 2.00% CSN 0.90 ▼ 3.05% GERDAU 4.96 — 0.00% LATAM ADR 53.74 ▼ 5.25% BTC 64,187 ▲ 0.43% ETH 1,886 ▲ 0.79% SOL 75.94 ▼ 0.01% XRP 1.01 ▼ 0.64% BNB 607.51 ▲ 1.47% ADA 0.19 ▼ 1.60% DOGE 0.07 ▲ 1.14% AVAX 6.50 ▲ 1.00% LINK 8.68 ▲ 4.72% DOT 0.80 ▼ 0.15% LTC 45.42 ▲ 0.69% BCH 214.46 ▲ 0.63% TRX 0.34 ▲ 1.77% XLM 0.16 ▼ 0.42% HBAR 0.07 ▼ 0.59% NEAR 1.60 ▼ 0.46% ATOM 1.42 ▲ 1.27% AAVE 89.01 ▼ 0.14% SELIC 14.00% EMBRAER 94.66 ▲ 2.31% EMBRAER ADR 73.80 ▲ 1.08% JBS 13.41 ▼ 5.76% JBS BDR 68.91 ▼ 4.41% MBRF3 15.94 ▼ 0.81% MBRFY 3.10 ▼ 0.64% INTER 5.35 ▲ 1.52% EGX 54,649 ▼ 0.41% USD/ZAR16.19▼ 0.10% USD/NGN 1,359 — 0.00% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% 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6.68 ▲ 1.25% GOLD 4,436 ▲ 1.71% SILVER 65.20 ▲ 0.14% SOY 1,181 ▲ 1.99% CORN 463.75 ▲ 5.82% WHEAT 646.75 ▲ 0.98% COFFEE 321.70 ▼ 3.19% SUGAR 16.59 ▲ 0.73% ORANGE JUICE 144.30 ▲ 1.23% COTTON 84.25 ▲ 1.85% COCOA 5,837 ▲ 0.27% BEEF 226.70 ▼ 2.16% CATTLE 344.38 ▼ 2.07% LITHIUM 74.74 ▲ 0.99% PETR4 42.23 ▲ 3.33% VALE3 75.93 ▲ 1.28% ITUB4 40.42 ▼ 0.81% BBDC4 17.18 ▼ 0.75% ABEV3 15.27 ▼ 1.36% BBAS3 20.03 ▼ 0.15% B3SA3 14.67 ▼ 1.87% WEGE3 47.63 ▼ 1.02% PRIO3 61.24 ▲ 6.60% SUZB3 41.29 ▼ 0.98% RENT3 36.30 ▼ 4.02% AZZA3 16.75 ▼ 1.53% CSAN3 3.45 ▼ 5.99% RAIZ4 0.25 ▼ 3.85% PCAR3 2.84 ▼ 2.74% GMAT3 3.68 ▼ 1.34% PSSA3 49.70 ▼ 1.43% CVCB3 1.42 ▼ 6.58% POSI3 3.50 ▼ 0.85% SLCE3 13.37 ▲ 1.13% NATU3 8.08 ▼ 2.42% BRKM5 5.75 ▼ 3.20% RANI3 8.02 ▼ 2.50% CSNA3 4.46 ▼ 2.41% CMIN3 5.46 ▲ 0.18% USIM5 7.16 ▲ 0.14% GGBR4 25.25 ▲ 0.80% ENEV3 25.32 ▼ 3.29% CPFE3 44.40 ▼ 0.89% CMIG4 10.68 ▼ 2.20% EQTL3 36.77 ▼ 1.37% LREN3 12.12 ▼ 2.18% VIVT3 30.55 ▼ 0.10% RAIL3 13.22 ▼ 2.72% KLABIN 17.86 ▼ 0.83% RAIA DROGASIL 19.38 ▼ 4.15% RDOR3 33.97 ▲ 0.15% HAPV3 10.30 ▼ 4.36% FLRY3 18.82 ▼ 0.69% SMTO3 14.95 ▲ 1.22% UGPA3 31.00 ▼ 0.90% VBBR3 33.44 ▼ 2.31% BBSE3 38.23 ▼ 0.39% BPAC11 53.86 ▲ 1.37% CURY3 31.69 ▲ 1.05% AERI3 2.31 ▲ 0.87% VIVARA 21.64 ▲ 0.05% COMPASS 22.52 ▼ 1.36% VAMOS 2.91 ▼ 5.52% SANB11 29.25 ▼ 0.07% ASAI3 8.06 ▼ 2.18% SBSP3 26.55 ▼ 1.26% WALMEX 48.30 ▼ 2.37% GMEXICO 225.00 ▲ 0.09% FEMSA 205.60 ▼ 1.93% CEMEX 19.43 ▼ 0.56% GFNORTE 197.03 ▼ 1.38% BIMBO 61.52 ▲ 0.61% TELEVISA 10.01 ▲ 2.25% AMX 20.52 ▲ 0.44% GAP 370.28 ▼ 2.88% ASUR 274.62 ▼ 0.74% OMA 232.51 ▼ 1.55% KOF 186.29 ▼ 1.49% GRUMA 255.42 ▲ 0.20% KIMBER 40.38 ▼ 0.93% SQM-B 66,950 ▲ 1.76% COPEC 6,102 ▼ 0.21% BSANTANDER 81.80 ▲ 2.05% FALABELLA 6,439 ▼ 0.47% ENELAM 87.50 ▲ 0.11% CENCOSUD 2,050 — 0.00% CMPC 1,036 ▲ 0.54% BANCO CHILE 189.76 ▲ 0.59% LATAM AIR 24.79 ▼ 3.91% YPF 8,065 ▲ 3.73% GGAL 7,360 ▲ 0.62% PAMPA 5,240 — 0.00% TXAR 754.50 ▲ 5.45% ALUAR 951.50 ▲ 1.82% TGS 9,330 ▲ 2.13% CEPU 2,188 ▼ 0.91% MIRGOR 1,690 ▲ 3.68% COME 42.89 ▲ 3.82% LOMA NEGRA 3,260 ▼ 0.15% BYMA 286.75 ▼ 1.46% TELECOM ARG 4,520 ▲ 3.20% ECOPETROL 17.05 ▲ 1.61% BANCOLOMBIA 91.47 ▲ 2.95% GRUPO AVAL 5.28 ▲ 4.35% CREDICORP 382.21 ▼ 1.22% SOUTHERN COPPER 200.11 ▲ 0.53% BUENAVENTURA 34.61 ▲ 1.35% MERCADOLIBRE 1,824 ▲ 0.20% NUBANK 13.86 ▲ 0.14% XP 16.20 ▼ 0.25% PAGSEGURO 9.08 ▼ 0.66% STONE 10.37 ▼ 2.17% GLOBANT 38.58 ▲ 3.14% TECNOGLASS 41.43 ▼ 6.14% GAP AIRPORT 216.17 ▼ 2.93% ASUR 274.62 ▼ 0.74% OMA AIRPORT 108.53 ▼ 1.73% AMX ADR 23.89 ▲ 0.59% FEMSA ADR 119.92 — 0.00% CEMEX ADR 11.30 ▼ 0.26% PETROBRAS ADR 18.33 ▲ 2.06% VALE ADR 14.89 ▲ 1.22% ITAU ADR 7.88 ▼ 0.76% SANTANDER BR 5.76 ▼ 0.86% AMBEV ADR 2.94 ▼ 2.00% CSN 0.90 ▼ 3.05% GERDAU 4.96 — 0.00% LATAM ADR 53.74 ▼ 5.25% BTC 64,187 ▲ 0.43% ETH 1,886 ▲ 0.79% SOL 75.94 ▼ 0.01% XRP 1.01 ▼ 0.64% BNB 607.51 ▲ 1.47% ADA 0.19 ▼ 1.60% DOGE 0.07 ▲ 1.14% AVAX 6.50 ▲ 1.00% LINK 8.68 ▲ 4.72% DOT 0.80 ▼ 0.15% LTC 45.42 ▲ 0.69% BCH 214.46 ▲ 0.63% TRX 0.34 ▲ 1.77% XLM 0.16 ▼ 0.42% HBAR 0.07 ▼ 0.59% NEAR 1.60 ▼ 0.46% ATOM 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Brazil Life & Society

Brazil’s Ministry of Education Cuts R$348 Million From Basic Education

By · August 8, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – The MEC (Ministry of Education) has decided that the most recent budget block, announced in late July, will affect basic education. In all, the portfolio blocked R$348,471,498 (US$87.650 million) in the “production, acquisition and distribution of books and teaching and educational materials for basic education.”

The information, published yesterday in the Integrated System of Financial Administration (SIAFI), was collected and passed on to UOL news site by the NGO Contas Abertas.

Education Minister Abraham Weintraub. (Photo internet reproduction)
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On July 30th, the federal government announced the decision to block R$348 million from the MEC budget as part of a more significant contingency, of R$1.442 billion. It would be up to the ministry to decide on where to cut, to be broken down into several portfolio operations.

Gil Castello Branco, Secretary-General of Contas Abertas, says that “the exact amount of the recently announced blocking was the same as the amount blocked in textbooks.”

The government has slashed another R$94.4 million in advisory and technical assistance from international organizations, R$35 million in basic education assessment and R$94.4 million from PRONATEC (grants and aid).

This amount, however, has been offset by the release of another R$94.4 million related to the April contingency.

A total of R$1.7 million returned to the budget for supporting non-federal higher education institutions and R$21 million for the administration of information technology.

Additionally, R$1.7 million were released for the initial and continuing strategic training plan for basic education professionals, R$26.5 million for the Sustainability Challenge project, R$29.5 million for the budget management of educational policies and R$14 million for “other expenses”.

“The relocations come from earlier decisions,” explains Castello Branco. “The decrees only specify the amount to be subtracted from each portfolio. Internally they may transfer these contingencies as they wish.”

The government’s decision once again counters president Jair Bolsonaro’s speech, who said in an interview in May that he did not intend to “cut resources for the sake of cutting. The goal is to take it and invest in basic education,” he said.

That same month, the Minister of Education, Abraham Weintraub, said in the Chamber of Deputies plenary that basic education is outdated. “Fifty percent of our children go through primary school without learning to read, write and count,” he said.

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