Tag: Budget

By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – After years of planning and implementing new infrastructure works, Rio de Janeiro will host the 2016 Olympics and Paralympic Games. The Games, according to the latest estimates, cost at least...
By Jay Forte, Contributing ReporterRIO DE JANEIRO, BRAZIL - Organizers say that over 10,000 protesters came together yesterday, March 2nd, to demonstrate against the financial plan proposed by Governor Luiz Fernando, nicknamed "Pezão" (Bigfoot). The budget-cutting measures in...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – In one of her last acts for 2015, Brazilian President, Dilma Rousseff, sanctioned the 2016 budget bill, on December 31st. The President, however, vetoed several items, including the clause which...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – Despite the current economic woes faced by the country, Brazil’s federal government announced that as of January 1st, 2016 the minimum wage will increase by 11.6 percent to R$880.00 per...
By Jay Forte, Contributing ReporterRIO DE JANEIRO, BRAZIL - The healthcare system in Rio is officially in a state of emergency. The measure was signed late yesterday (December 23rd) by the state governor, Luiz Fernando Pezão, after meeting with...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – With only days to go before the start of a new year, Brazil’s Congress approved on Thursday the 2016 Budget which calls for the creation of a tax over financial...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – The slowdown of Brazil’s economy this year has deeply affected the government’s tax revenues and federal contributions. In October, according to Brazil’s Federal Revenue Office revenues from taxes and federal...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – With time running out, government officials in Brazil scramble to get the tough fiscal measures approved by Congress. Finance Minister, Joaquim Levy, is one of the most active members of...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – The government of Brazil is expected to announce a revision in its 2015 budget on Friday from a primary surplus of R$8.74 billion to a primary deficit of between R$70-75...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – A Brazilian Congressional Representative said on Tuesday he will propose the reduction of 35 percent, R$10 billion, in the Bolsa Familia (social welfare program to keep children in school), one...

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