RIO DE JANEIRO, BRAZIL - After negotiations with the Senate, Minister of Economy Paulo Guedes raised the relief package for states and municipalities in the Coronavirus crisis to R$120 billion, with R$60 (US$22.6) billion being transferred directly to the governors and mayors.
In mid-April, the bill presented by the economic team provided for R$77.4 billion in financial aid, with R$40 billion for direct transfer.
But Guedes' plan was deemed modest, particularly in view of the project passed by the Chamber of Deputies, regarded by the government as a “bombs away!” agenda for high . . .