Senate President and Economy Minister Agree R$120 Billion Relief Package

The new version of the relief package was submitted to senators electronically by Senate President Davi Alcolumbre. The plan is to vote on the bill on Saturday.

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 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?