Agreed Allocation of Pre-salt Auction Proceeds Facilitates Social Welfare Reform

An agreement to define the criteria for allocation, between states and municipalities, of the funds collected in the pre-salt auction in November is regarded by the Senate as crucial to enable the approval of the second round of the Social Welfare reform.

RIO DE JANEIRO, BRAZIL - The government of Jair Bolsonaro and Congress are nearing an agreement to define the criteria for distribution, between states and municipalities, of the funds collected in the pre-salt auction in November.

The understanding is regarded by the Senate as crucial to enable the approval . . .

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