IBOV 173,250.69 ▼ 0.27% IPSA 10,886.14 ▼ 0.56% IPC MEX 66,615.43 ▲ 0.39% MERVAL 3,199,934 ▲ 0.46% COLCAP 2,298.34 ▲ 0.58% BVL PERÚ 55,645.90 — — USD/BRL5.08▼ 0.51% USD/MXN17.47▼ 0.36% USD/CLP932.55▼ 0.26% USD/COP3,244▼ 0.43% USD/PEN3.40▲ 0.27% USD/ARS1,477▼ 0.10% USD/UYU40.19▼ 0.10% USD/PYG6,031▼ 0.03% USD/BOB10.75▲ 0.94% USD/DOP58.25▲ 0.02% USD/CRC447.35▲ 0.28% USD/GTQ7.62▼ 0.05% USD/HNL26.74— 0.00% USD/NIO 36.62 — 0.00% USD/VES735.09▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59— 0.00% USD/TTD6.73▼ 0.21% EUR/BRL5.81▼ 0.62% BRENT 88.16 ▲ 0.07% WTI 81.77 ▼ 0.87% IRON ORE 161.91 — — COPPER 6.34 ▲ 1.91% GOLD 4,004 ▼ 0.23% SILVER 56.90 ▲ 1.53% SOY 1,225 ▲ 1.70% CORN 473.50 ▲ 6.46% WHEAT 676.00 ▼ 0.99% COFFEE 321.65 ▼ 2.07% SUGAR 14.79 ▼ 0.27% ORANGE JUICE 138.60 ▲ 0.29% COTTON 80.22 ▲ 4.09% COCOA 5,584 ▲ 0.92% BEEF 220.93 ▼ 1.56% CATTLE 341.40 ▼ 1.32% LITHIUM 67.31 ▼ 1.57% PETR4 40.92 ▲ 0.05% VALE3 72.61 ▼ 0.45% ITUB4 42.31 ▲ 0.83% BBDC4 18.40 ▲ 0.60% ABEV3 15.68 ▲ 0.32% BBAS3 20.38 ▼ 0.54% B3SA3 15.21 ▲ 0.07% WEGE3 43.31 ▼ 0.73% PRIO3 58.03 ▲ 0.31% SUZB3 41.39 ▼ 1.29% RENT3 37.64 ▼ 1.54% AZZA3 18.61 ▲ 0.11% CSAN3 3.85 ▲ 0.26% RAIZ4 0.28 ▼ 3.45% PCAR3 2.64 ▲ 1.54% GMAT3 3.84 ▼ 1.03% PSSA3 55.03 ▼ 0.20% CVCB3 1.12 ▼ 8.20% POSI3 3.74 ▼ 1.58% SLCE3 13.52 ▼ 0.07% NATU3 8.67 ▲ 1.40% BRKM5 5.97 ▼ 3.55% RANI3 7.93 ▼ 0.25% CSNA3 5.07 ▲ 0.40% CMIN3 5.30 ▼ 0.56% USIM5 8.25 ▲ 0.24% GGBR4 23.94 ▼ 0.42% ENEV3 25.57 ▼ 0.43% CPFE3 46.27 ▼ 1.28% CMIG4 11.11 ▼ 0.09% EQTL3 39.40 ▼ 0.25% LREN3 13.38 ▼ 0.30% VIVT3 35.51 ▼ 0.03% RAIL3 13.58 ▼ 0.88% KLABIN 17.38 ▼ 1.14% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.53 ▼ 0.70% HAPV3 11.43 ▲ 0.44% FLRY3 16.62 ▲ 0.18% SMTO3 15.62 ▲ 1.10% UGPA3 31.95 ▼ 0.37% VBBR3 34.86 ▼ 0.17% BBSE3 41.20 ▲ 0.19% BPAC11 56.20 ▲ 0.04% CURY3 30.61 ▼ 0.20% AERI3 2.02 — 0.00% VIVARA 22.18 ▼ 1.16% COMPASS 24.77 ▼ 0.44% VAMOS 3.17 — 0.00% SANB11 26.73 ▲ 0.30% ASAI3 8.40 ▼ 1.18% SBSP3 29.27 ▲ 0.17% WALMEX 49.38 ▼ 0.22% GMEXICO 201.65 ▲ 0.52% FEMSA 228.58 ▲ 1.26% CEMEX 22.59 ▼ 0.62% GFNORTE 183.25 ▲ 1.05% BIMBO 58.99 ▲ 1.71% TELEVISA 9.69 ▲ 1.25% AMX 23.10 ▲ 0.43% GAP 387.02 ▲ 0.26% ASUR 276.00 ▼ 1.33% OMA 230.01 ▼ 0.26% KOF 182.43 ▲ 0.92% GRUMA 292.75 ▲ 2.19% KIMBER 38.61 ▼ 0.16% SQM-B 64,990 ▼ 0.70% COPEC 6,300 ▲ 0.81% BSANTANDER 75.50 ▼ 1.95% FALABELLA 5,835 — 0.00% ENELAM 84.01 ▼ 0.04% CENCOSUD 1,995 — 0.00% CMPC 1,070 — 0.00% BANCO CHILE 186.49 ▼ 1.07% LATAM AIR 24.50 ▼ 1.05% YPF 78,000 ▲ 0.13% GGAL 7,760 ▼ 1.27% PAMPA 5,210 ▲ 0.77% TXAR 661.50 ▼ 0.38% ALUAR 957.00 ▲ 0.79% TGS 9,370 — 0.00% CEPU 2,250 ▼ 0.62% MIRGOR 16,575 ▼ 1.78% COME 43.68 ▼ 0.37% LOMA NEGRA 3,503 ▼ 0.57% BYMA 297.00 ▼ 0.25% TELECOM ARG 4,123 ▼ 0.66% ECOPETROL 16.03 ▼ 0.37% BANCOLOMBIA 81.36 ▲ 1.18% GRUPO AVAL 5.05 ▲ 2.64% CREDICORP 394.21 ▲ 0.93% SOUTHERN COPPER 176.61 ▲ 2.39% BUENAVENTURA 30.20 ▼ 0.13% MERCADOLIBRE 1,836 ▲ 1.24% NUBANK 13.66 ▲ 0.52% XP 16.88 ▲ 1.26% PAGSEGURO 9.11 ▲ 0.77% STONE 11.22 ▲ 0.58% GLOBANT 31.82 ▼ 1.27% TECNOGLASS 45.98 ▼ 1.09% GAP AIRPORT 220.06 ▼ 0.38% ASUR 276.00 ▼ 1.33% OMA AIRPORT 105.08 ▼ 0.22% AMX ADR 26.36 ▲ 0.34% FEMSA ADR 130.13 ▲ 0.86% CEMEX ADR 12.87 ▼ 0.77% PETROBRAS ADR 18.05 ▲ 0.45% VALE ADR 14.23 ▲ 0.28% ITAU ADR 8.33 ▲ 1.52% SANTANDER BR 5.29 ▲ 0.95% AMBEV ADR 3.06 ▲ 0.99% CSN 1.01 ▲ 1.40% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.18 ▼ 0.72% BTC 64,190 ▼ 0.77% ETH 1,857 ▼ 0.79% SOL 75.96 ▼ 0.52% XRP 1.09 ▼ 0.71% BNB 565.44 ▼ 0.87% ADA 0.16 ▼ 2.46% DOGE 0.07 ▼ 0.53% AVAX 6.50 ▲ 0.68% LINK 8.32 ▼ 0.56% DOT 0.81 ▼ 1.00% LTC 46.60 ▼ 0.94% BCH 214.53 ▼ 0.16% TRX 0.33 ▼ 0.55% XLM 0.19 ▼ 1.53% HBAR 0.07 ▼ 0.94% NEAR 1.96 ▲ 2.22% ATOM 1.47 ▼ 0.34% AAVE 89.15 ▼ 0.20% SELIC 14.25% EMBRAER 82.38 ▲ 0.77% EMBRAER ADR 64.76 ▲ 1.05% JBS 11.93 ▲ 0.13% JBS BDR 60.52 ▲ 0.53% MBRF3 14.92 ▼ 0.73% MBRFY 2.89 ▼ 0.69% INTER 5.40 ▲ 0.56% EGX 53,126 ▲ 1.08% USD/ZAR16.51▼ 0.23% USD/NGN1,376▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,598 ▲ 1.53% HSI 25,143 ▲ 2.36% NIFTY 24,239 ▼ 0.39% KOSPI 6,516 ▼ 4.46% JCI 6,232 ▲ 0.91% USD/JPY162.51▲ 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4,004 ▼ 0.23% SILVER 56.90 ▲ 1.53% SOY 1,225 ▲ 1.70% CORN 473.50 ▲ 6.46% WHEAT 676.00 ▼ 0.99% COFFEE 321.65 ▼ 2.07% SUGAR 14.79 ▼ 0.27% ORANGE JUICE 138.60 ▲ 0.29% COTTON 80.22 ▲ 4.09% COCOA 5,584 ▲ 0.92% BEEF 220.93 ▼ 1.56% CATTLE 341.40 ▼ 1.32% LITHIUM 67.31 ▼ 1.57% PETR4 40.92 ▲ 0.05% VALE3 72.61 ▼ 0.45% ITUB4 42.31 ▲ 0.83% BBDC4 18.40 ▲ 0.60% ABEV3 15.68 ▲ 0.32% BBAS3 20.38 ▼ 0.54% B3SA3 15.21 ▲ 0.07% WEGE3 43.31 ▼ 0.73% PRIO3 58.03 ▲ 0.31% SUZB3 41.39 ▼ 1.29% RENT3 37.64 ▼ 1.54% AZZA3 18.61 ▲ 0.11% CSAN3 3.85 ▲ 0.26% RAIZ4 0.28 ▼ 3.45% PCAR3 2.64 ▲ 1.54% GMAT3 3.84 ▼ 1.03% PSSA3 55.03 ▼ 0.20% CVCB3 1.12 ▼ 8.20% POSI3 3.74 ▼ 1.58% SLCE3 13.52 ▼ 0.07% NATU3 8.67 ▲ 1.40% BRKM5 5.97 ▼ 3.55% RANI3 7.93 ▼ 0.25% CSNA3 5.07 ▲ 0.40% CMIN3 5.30 ▼ 0.56% USIM5 8.25 ▲ 0.24% GGBR4 23.94 ▼ 0.42% ENEV3 25.57 ▼ 0.43% CPFE3 46.27 ▼ 1.28% CMIG4 11.11 ▼ 0.09% EQTL3 39.40 ▼ 0.25% LREN3 13.38 ▼ 0.30% VIVT3 35.51 ▼ 0.03% RAIL3 13.58 ▼ 0.88% KLABIN 17.38 ▼ 1.14% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.53 ▼ 0.70% HAPV3 11.43 ▲ 0.44% FLRY3 16.62 ▲ 0.18% SMTO3 15.62 ▲ 1.10% UGPA3 31.95 ▼ 0.37% VBBR3 34.86 ▼ 0.17% BBSE3 41.20 ▲ 0.19% BPAC11 56.20 ▲ 0.04% CURY3 30.61 ▼ 0.20% AERI3 2.02 — 0.00% VIVARA 22.18 ▼ 1.16% COMPASS 24.77 ▼ 0.44% VAMOS 3.17 — 0.00% SANB11 26.73 ▲ 0.30% ASAI3 8.40 ▼ 1.18% SBSP3 29.27 ▲ 0.17% WALMEX 49.38 ▼ 0.22% GMEXICO 201.65 ▲ 0.52% FEMSA 228.58 ▲ 1.26% CEMEX 22.59 ▼ 0.62% GFNORTE 183.25 ▲ 1.05% BIMBO 58.99 ▲ 1.71% TELEVISA 9.69 ▲ 1.25% AMX 23.10 ▲ 0.43% GAP 387.02 ▲ 0.26% ASUR 276.00 ▼ 1.33% OMA 230.01 ▼ 0.26% KOF 182.43 ▲ 0.92% GRUMA 292.75 ▲ 2.19% KIMBER 38.61 ▼ 0.16% SQM-B 64,990 ▼ 0.70% COPEC 6,300 ▲ 0.81% BSANTANDER 75.50 ▼ 1.95% FALABELLA 5,835 — 0.00% ENELAM 84.01 ▼ 0.04% CENCOSUD 1,995 — 0.00% CMPC 1,070 — 0.00% BANCO CHILE 186.49 ▼ 1.07% LATAM AIR 24.50 ▼ 1.05% YPF 78,000 ▲ 0.13% GGAL 7,760 ▼ 1.27% PAMPA 5,210 ▲ 0.77% TXAR 661.50 ▼ 0.38% ALUAR 957.00 ▲ 0.79% TGS 9,370 — 0.00% CEPU 2,250 ▼ 0.62% MIRGOR 16,575 ▼ 1.78% COME 43.68 ▼ 0.37% LOMA NEGRA 3,503 ▼ 0.57% BYMA 297.00 ▼ 0.25% TELECOM ARG 4,123 ▼ 0.66% ECOPETROL 16.03 ▼ 0.37% BANCOLOMBIA 81.36 ▲ 1.18% GRUPO AVAL 5.05 ▲ 2.64% CREDICORP 394.21 ▲ 0.93% SOUTHERN COPPER 176.61 ▲ 2.39% BUENAVENTURA 30.20 ▼ 0.13% MERCADOLIBRE 1,836 ▲ 1.24% NUBANK 13.66 ▲ 0.52% XP 16.88 ▲ 1.26% PAGSEGURO 9.11 ▲ 0.77% STONE 11.22 ▲ 0.58% GLOBANT 31.82 ▼ 1.27% TECNOGLASS 45.98 ▼ 1.09% GAP AIRPORT 220.06 ▼ 0.38% ASUR 276.00 ▼ 1.33% OMA AIRPORT 105.08 ▼ 0.22% AMX ADR 26.36 ▲ 0.34% FEMSA ADR 130.13 ▲ 0.86% CEMEX ADR 12.87 ▼ 0.77% PETROBRAS ADR 18.05 ▲ 0.45% VALE ADR 14.23 ▲ 0.28% ITAU ADR 8.33 ▲ 1.52% SANTANDER BR 5.29 ▲ 0.95% AMBEV ADR 3.06 ▲ 0.99% CSN 1.01 ▲ 1.40% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.18 ▼ 0.72% BTC 64,190 ▼ 0.77% ETH 1,857 ▼ 0.79% SOL 75.96 ▼ 0.52% XRP 1.09 ▼ 0.71% BNB 565.44 ▼ 0.87% ADA 0.16 ▼ 2.46% DOGE 0.07 ▼ 0.53% AVAX 6.50 ▲ 0.68% LINK 8.32 ▼ 0.56% DOT 0.81 ▼ 1.00% LTC 46.60 ▼ 0.94% BCH 214.53 ▼ 0.16% TRX 0.33 ▼ 0.55% XLM 0.19 ▼ 1.53% HBAR 0.07 ▼ 0.94% NEAR 1.96 ▲ 2.22% ATOM 1.47 ▼ 0.34% AAVE 89.15 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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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