WebDec 15, 2024 · The Bolsonaro government already approved a proposal on the eve of the October presidential election to boost the "Auxilio Brasil" welfare program without having to comply with the spending cap. WebApr 30, 2024 · The spending cap was approved by the Brazilian Congress in 2016 as a way to control public spending, limiting the growth of federal spending to inflation levels. ($1 = 4.8967 reais) Share this article
Brazil Markets Sink on Fears Spending Cap May Be Jeopardized
WebDec 22, 2024 · Brazil has passed a constitutional amendment that raises a government spending cap by at least R$145bn (US$28bn), allowing leftwing president-elect Luiz Inácio Lula da Silva to fulfil campaign ... WebFeb 26, 2024 · But by weakening the spending cap Mr Bolsonaro has not only drawn his own credentials as a fiscal hawk into question, but also shown how easy it would be for a spendthrift president to get around ... tabby date app
Bolsonaro Eyes Change to Brazil Spending Cap After Election
WebApr 29, 2024 · Bolsonaro is trailing in opinion polls behind leftist former President Luiz Inacio Lula da Silva, who has called repeatedly to scrap the spending cap. BRASILIA … WebSep 30, 2024 · Earlier, Bolsonaro took to social media to counter criticism he is pushing the scheme with an eye on the 2024 presidential election, while stressing that fiscal discipline and the spending cap are ... WebMay 5, 2024 · In an eventual second term of President Jair Bolsonaro, current economic advisors expect that tax and administrative overhauls will be approved and that the spending cap law will be reevaluated. This would allow, for example, setting aside funds from privatizations or dividend payments from state-owned companies for a poverty … tabby d\u0027s family restaurant