President Rousseff to Defend Government’s Accounting Practices

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – President Dilma Rousseff has until Wednesday, July 22nd, to present her defense to the country’s audit court (Tribunal de Contas da União – TCU) of budget practices which could be construed as violations of the Brazil’s fiscal responsibility laws.

Auditors announced in June they were giving the Rousseff Administration a month to successfully explain the Administration’s accounting methods thus avoiding the recommendation by the agency of the rejection of the 2014 federal budget management.

It would be the first time in the history of Brazil that the . . .

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