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Brazil has tools within spending cap rules to extend aid to poor next year -Guedes

Brazil has tools within spending cap rules to extend aid to poor next year -Guedes

December 11, 2020

BRASILIA (Reuters) – Brazil’s government has tools to extend aid to some of the country’s most vulnerable people next year without threatening the spending cap, its most important fiscal anchor, Economy Minister Paulo Guedes said on Friday.

In public testimony to Congress, Guedes noted that this year’s income transfer program to the poor will end on Dec. 31, but ways could be found to extend help without breaking its fiscal rules, for example by bringing forward other welfare benefits.

(Reporting by Gabriel Ponte; writing by Jamie McGeever; Editing by Leslie Adler)

The post Brazil has tools within spending cap rules to extend aid to poor next year -Guedes first appeared on One America News Network.

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