Budget 2021 may cause “shutdown” in the Brazilian economy

Budget, seen by Economy Minister Paulo Guedes as "unfeasible", provides that the public machine works with half of what is necessary to avoid a shutdown.

RIO DE JANEIRO, BRAZIL - The Minister of Economy, Paulo Guedes, warned President Jair Bolsonaro that the 2021 budget would be "unfeasible" with the accounting maneuvers approved by Congress to accommodate the festival of parliamentary amendments.

Calculations of the economic team made on Friday, 25, show that the government machine would have to work with only R$49.5 (US$9) billion by the end of the year - almost half of what experts consider the minimum level to not have a shutdown.

This is the space left to spend after the spending cuts that will have to be made to comply . . .

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