By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The federal government of Brazil announced yesterday (Thursday, May 31st) cuts of R$1.2 billion in social programs, infrastructure, incentives for exporters and maintenance of federal highways to cover the R$9.58 billion in expects to lose after giving into strikers’ demands and subsidizing diesel fuel prices. Sectors affected by the decision say they have been abandoned by the federal government.

"We regret the reduction of Reintegra [incentive program for exporters]. The moment is bad for the decision, which signals the abandonment of the export sector," Brazilian Foreign . . .

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