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LatinNews Daily - 15 October 2019
In brief: Brazil gov’t unfreezes budget after oil tender
* Brazil’s economy ministry will release R$7.27bn (US$1.76bn) from its frozen budget contingencies, of which R$4.97bn will go to the federal executive, and R$2.30bn will go to the other branches of government. Waldery Rodrigues, the special secretary for finance, explained that this unfreezing was possible following a successful oil tender last week, and on the expectation of the tender of the ‘transfer of rights’ area in Brazil’s deep-water 'pre-salt' oil fields, due on 6 November, which will bring public coffers R$106.6bn in signing bonuses, according to the government’s current projections.
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