Brazilian Court Rejects Rousseff Administration Accounts

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – In yet another blow to President Dilma Rousseff’s Administration, Federal Accounts Court (TCU) judges unanimously recommended that Brazil’s Congress reject government budget accounts for 2014. The TCU’s recommendation could open up the way for charges of lack of compliance with the Fiscal Responsibility Law and the possibility of impeachment proceedings against the President.

According to the TCU, the government manipulated its accounts by obtaining money from state-owned banks to pay for social programs while not registering them as expenditures. The administration’s objective, according to the . . .

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