Brazil: Anti-poverty aid program needs US$11.2 billion

To reduce government spending, the draft budget submitted to Congress next month will likely reduce transfer payments from R$600 to R$400 per month. However, Congress is unlikely to approve the lower amount in a campaign scenario before the October elections.

Maintaining Brazil's cash transfer program for low-income families Brazil Aid (Auxílio Brasil) at current levels will require budgetary expenditures of R$50 billion to R$60 billion (US$11.2 billion) in 2023.

It was announced by the Special Minister of Finance and Budget, Esteves Colnago, on Monday, July 25.

To reduce government spending, the draft budget submitted to Congress next month will likely reduce transfer payments from R$600 to R$400 per . . .

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