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Under the Lula government, Brazil’s unemployment insurance system will slide into the red in 2023

After two years of operating with positive results even during the Pandemic, the Workers Support Fund (FAT) will return to the red in 2023.

The FAT provides funds for unemployment insurance and salary bonuses and is the leading financier of the National Bank for Economic and Social Development.

The analysis is from the Ministry of Labor and Employment.

According to the technicians, measures are needed to increase the available resources and avoid an imbalance over the next few years to pay for existing legal obligations besides unemployment insurance.

The diagnosis is presented while the government plans to intensify the use . . .

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