RIO DE JANEIRO, BRAZIL - The Brazilian government has the financial tools to support some of the country’s most vulnerable people next year without threatening the spending cap, its most important fiscal anchor, Economy Minister Paulo Guedes said on Friday, December 11th.
In public testimony to Congress, Guedes noted that this year’s emergency income transfers to the poor, made during the coronavirus pandemic, will end on December 31st, but ways could be found to extend help without breaking its fiscal rules.
“We can bring forward benefits, or defer payments, we have various tools that will allow us to smooth . . .