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Brazil will extend emergency aid but only with cost-cutting measures: Economy Minister

RIO DE JANEIRO, BRAZIL - Brazil will extend pandemic emergency cash transfers to the poor and vulnerable, Economy Minister Paulo Guedes said on Thursday, February 11th, but added that the payments must come with compensating cost-cutting measures to avoid ruin to the public finances.

Addressing an online event hosted by the National Agriculture Society, Guedes said the aid must be included in an emergency "war budget" like last year, meaning the government’s spending cap and ‘golden rule’ on borrowing would not be broken.

Last year’s emergency measures to cushion the impact of the COVID-19 pandemic cost the . . .

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