RIO DE JANEIRO, BRAZIL - Brazil’s lower house of Congress early on Wednesday, March 10th, approved the core text of a constitutional amendment to revive a federal cash transfer program to help millions of poor affected by the COVID-19 pandemic.
The first-round vote approved by 341 votes to 121 the measure to allow emergency cash payments totaling up to 44 billion reais ($7.6 billion), with a second and final vote scheduled for later Wednesday.
Brazil’s Senate passed the amendment last week.
The aid package will not be subject to the government’s usual fiscal rules, but . . .