RIO DE JANEIRO, BRAZIL – Brazil’s treasury is planning a return to “normal” next year in stabilizing public finances and pressing ahead with economic reforms, as there is no indication a second wave of COVID-19 is coming, Treasury Secretary Bruno Funchal said on Thursday.
In a live online debate hosted by MAG Investimentos, Funchal said if there is a second wave the government can use special credit facilities not subject to its spending cap rule, or include something similar to this year’s “State of Calamity” emergency budget in the “federative compact” reform bill.
Source: Reuters