Brazil’s Government Cuts Social Programs to Subsidize Fuel

To meet strikers' demands government to cut funds of agrarian reform, indigenous land demarkations and exporters' incentives.

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 . . .

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