Back

Economy & Business - May 2021

Brazil’s budget deal is made for breaking

On 22 April, the deadline for final approval of this year’s federal government budget, Brazil’s President Jair Bolsonaro appeared to have squared the circle, signing off on a budget bill which preserves a constitutional spending cap while at the same time spreading enough money around to keep the so-called ‘centrão’ group of political parties happy, and on-side with his government. But the deal is politically fragile and could fall apart later this year.

End of preview - This article contains approximately 955 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.