Brazilian States and Municipalities to Receive R$500 Billion Over Fifteen Years

The amount will be received from the Union and is provided for in the new federal pact. The federal government intends to enforce terms for all transfers that will prevent states and municipalities from using the resources to fund salary increases.

RIO DE JANEIRO, BRAZIL - The new federal pact may lead to the transfer of approximately R$500 billion (US$125 billion) over fifteen years. The estimate was released by the Minister of Economy, Paulo Guedes, who met on Tuesday, August 20th, with Senate leaders for four hours to address the issue.

Guedes left the meeting without speaking to the press, but the Special Subscribe to our Premium Membership Plan. Already Subscribed?