IBOV 171,336.99 ▼ 0.52% IPC MEX 71,564.96 ▼ 0.42% MERVAL 2,848,945 — — USD/BRL5.58▲ 1.31% USD/MXN18.60▲ 0.39% USD/CLP983.69▲ 1.70% USD/COP3,296▲ 5.65% USD/PEN3.41▲ 0.04% USD/ARS1,545▼ 0.03% USD/UYU40.43▲ 3.52% USD/PYG6,196▲ 1.99% USD/BOB11.68▲ 0.19% USD/DOP60.46▲ 2.41% USD/CRC445.62▲ 1.24% USD/GTQ7.64▲ 2.97% USD/HNL26.89▲ 3.05% USD/NIO36.62▲ 2.53% USD/VES897.02▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.36% USD/TTD6.72▲ 2.10% EUR/BRL6.24▲ 1.78% BRENT 91.92 ▼ 0.70% WTI 86.23 ▼ 0.71% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.89% GOLD 4,043 ▼ 1.73% SILVER 51.52 ▼ 2.00% SOY 1,227 ▲ 3.76% CORN 448.00 ▲ 1.99% WHEAT 591.50 ▲ 0.60% COFFEE 266.75 ▼ 2.50% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 146.15 ▲ 5.64% COTTON 78.28 ▼ 0.63% COCOA 4,852 ▼ 3.04% BEEF 222.55 ▲ 2.94% CATTLE 326.68 ▼ 0.51% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 24.40 ▼ 12.86% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45% IBOV 171,336.99 ▼ 0.52% IPC MEX 71,564.96 ▼ 0.42% MERVAL 2,848,945 — — USD/BRL 5.58 ▲ 1.31% USD/MXN 18.61 ▲ 0.42% USD/CLP 983.69 ▲ 1.70% USD/COP 3,296 ▲ 5.65% USD/PEN 3.41 ▲ 0.04% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.43 ▲ 3.52% USD/PYG 6,196 ▲ 1.99% USD/BOB 11.68 ▲ 0.19% USD/DOP 60.46 ▲ 2.41% USD/CRC 445.62 ▲ 1.24% USD/GTQ 7.64 ▲ 2.97% USD/HNL 26.89 ▲ 3.05% USD/NIO 36.62 ▲ 2.53% USD/VES 897.02 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.36% USD/TTD 6.72 ▲ 2.10% EUR/BRL 6.24 ▲ 1.78% BRENT 91.92 ▼ 0.70% WTI 86.23 ▼ 0.71% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.89% GOLD 4,043 ▼ 1.73% SILVER 51.52 ▼ 2.00% SOY 1,227 ▲ 3.76% CORN 448.00 ▲ 1.99% WHEAT 591.50 ▲ 0.60% COFFEE 266.75 ▼ 2.50% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 146.15 ▲ 5.64% COTTON 78.28 ▼ 0.63% COCOA 4,852 ▼ 3.04% BEEF 222.55 ▲ 2.94% CATTLE 326.68 ▼ 0.51% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 24.40 ▼ 12.86% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45%
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Wednesday, November 11, 2026

Brazilian Ministry of Culture will have “historical budget”, says future Minister Menezes

By · · 2 min read

The future Brazilian Minister of Culture, Margareth Menezes, said on her Twitter profile, on Monday (26 Dec. 2022), that the portfolio will have a “historic budget” in 2023.

She stated that this is the result of “President Lula’s sensitivity, which identified an economic force in the cultural sector.”

The Ministry of Culture should accumulate a budget of more than R$10 billion (US$1.89 billion) in 2023, starting from:

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  • the annual budget that guarantees R$5.7 billion (US$1.08 billion) and already includes the R$3 billion (US$570 million) of the Aldir Blanc Act;
  • the Paulo Gustavo Law, which allocates R$3.8 billion (US$720 million)to the sector;
  • and Condecine (Contribution for the Development of the National Film Industry), which will have revenues of R$1.2 billion (US$230 million).
Brazilian Ministry of Culture will have “historical budget”, says future Minister Menezes
The future Brazilian Minister of Culture, Margareth Menezes
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In July, the National Congress overrode the vetoes in front of an audience of artists who mobilized to pressure the approval of the laws.

Already in August, President Jair Bolsonaro (PL) signed an MP (provisional measure) that postponed the payments of the Paulo Gustavo and Aldir Blanc laws, to 2023 and 2024, respectively. With this decision, the 2 texts were left out of the LDO (budget guidelines law) of 2023.

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The Aldir Blanc law obliges the Union to transfer R$3 billion (US$570 million) to states and municipalities for 5 years. The text was inserted in the ceiling-braker PEC and approved. The law in honor of actor Paulo Gustavo, who died as a result of covid-19, takes effect in 2023.

In the 1st year of the Bolsonaro government, R$2.1 billion (US$400 million) was set aside for culture, a figure that dropped to R$1.67 billion (US$320 million) in 2022.

With information from Poder360

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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