By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Finance Minister of Brazil, Henrique Meirelles, told reporters on Friday, December 30th that the federal government has no estimate of when it will be able to render federal aid to states in critical fiscal situations, such as Rio de Janeiro and Minas Gerais, which have declared financial calamity.

“We do not yet have a specific date for this; they are facing a serious problem, but the Union is too, so we must prioritize,” said Meirelles.

The statement came a day after Brazil’s President Michel Temer vetoed a special fiscal . . .

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