Brazil approves over US$183 million in additional budget for Communications and Science Ministries

The Brazilian Senate passed bills approving R$1 billion (US$183.5 million) in additional funds for the Ministries of Communications (MCom) and Science, Technology and Innovation (MCTI), to promote projects such as Norte, Nordeste Conectado and Conecta Brasil, Fistel, as well as digital inclusion and innovation initiatives.

RIO DE JANEIRO, BRAZIL - The endorsement by the Brazilian Congress amended the 2022 Budget Law proposal, presented by the Executive, and leaves behind the memory of the budget allocated to the Science portfolio in 2019, which was cut by 40% and fell to historic levels.

This news is comes in a context of positive progress, after the recent 5G auction raised US$8.5 billion.

Looking in detail at these six initiatives, Bill 18/21 grants a credit of just over US$3 million, with 95% intended to enable the National Fund for Scientific and Technological Development (FNDCT), the readjustment . . .

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