Brazil’s Economy Minister Confirms Emergency Aid Should Be Extended to Year’s End

RIO DE JANEIRO, BRAZIL – Economy Minister Paulo Guedes confirmed on Wednesday, August 5th, that the economic team is preparing the final details of the measure to extend Emergency Aid to casual workers until the end of the year.

During his opening speech, Guedes said that Renda Brasil (Brazil Income), a basic income program that should replace the Emergency Aid and the Family Grant, is being discussed with the Legislative branch. He further praised Congress, which he referred to as “reformist and constructive”, for its approval of measures such as the PEC (proposed constitutional amendment), which he said allowed the government to inject “half a trillion reais” into the economy “within the constitutional framework”.

“There are still at least one or two months ahead of us, but we are already coming back,” the Minister said during a hearing at the Joint Committee on Tax Reform.

Source: Gazeta Brasil