IBOV 177,685 ▲ 2.86% IPSA 11,032 ▲ 0.06% IPC MEX 66,556 ▲ 0.68% MERVAL 3,267,897 ▲ 2.04% COLCAP 2,295.36 ▲ 0.11% BVL PERÚ 56,194.27 ▲ 1.09% USD/BRL5.11▼ 0.16% USD/MXN17.48▼ 0.39% USD/CLP924.82▼ 0.31% USD/COP3,239▼ 3.11% USD/PEN3.39▼ 0.27% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.07% BRENT 76.02 ▼ 0.37% WTI 71.44 ▼ 0.89% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.04% GOLD 4,112 ▼ 0.46% SILVER 60.06 ▼ 0.53% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.23 ▼ 0.81% PETR4 39.51 ▲ 0.77% VALE3 74.45 ▲ 1.78% ITUB4 44.26 ▲ 3.92% BBDC4 18.83 ▲ 4.61% ABEV3 15.90 ▲ 1.15% BBAS3 20.64 ▲ 3.20% B3SA3 15.47 ▲ 4.60% WEGE3 46.51 ▲ 1.68% PRIO3 55.30 ▼ 0.56% SUZB3 41.51 ▲ 1.17% RENT3 40.95 ▲ 3.93% AZZA3 19.27 ▲ 4.39% CSAN3 4.04 ▲ 4.66% RAIZ4 0.35 ▼ 5.41% PCAR3 2.78 ▲ 0.72% GMAT3 3.97 ▲ 1.02% PSSA3 54.69 ▲ 2.51% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 3.64% SLCE3 14.05 ▲ 1.89% NATU3 8.55 ▲ 1.06% BRKM5 6.58 ▲ 3.46% RANI3 8.01 ▲ 1.91% CSNA3 5.19 ▲ 8.13% CMIN3 5.11 ▲ 5.80% USIM5 8.44 ▲ 1.08% GGBR4 22.94 ▲ 2.05% ENEV3 27.34 ▲ 4.35% CPFE3 47.75 ▲ 3.15% CMIG4 11.34 ▲ 2.35% EQTL3 40.90 ▲ 3.52% LREN3 14.71 ▲ 3.96% VIVT3 35.59 ▲ 3.16% RAIL3 14.14 ▲ 2.84% KLABIN 17.50 ▲ 0.57% RAIA DROGASIL 18.92 ▲ 4.36% RDOR3 36.07 ▲ 2.62% HAPV3 10.60 ▲ 5.26% FLRY3 16.41 ▲ 4.19% SMTO3 16.26 ▲ 1.31% UGPA3 30.63 ▲ 1.76% VBBR3 32.82 ▲ 2.24% BBSE3 40.33 ▲ 2.67% BPAC11 58.95 ▲ 5.87% CURY3 34.14 ▲ 4.40% AERI3 2.08 ▲ 0.97% VIVARA 23.60 ▲ 4.52% COMPASS 25.02 ▲ 1.38% VAMOS 3.08 ▲ 4.05% SANB11 27.49 ▲ 4.72% ASAI3 8.90 ▲ 5.20% SBSP3 31.04 ▲ 3.47% WALMEX 49.38 ▲ 0.73% GMEXICO 198.50 ▲ 1.62% FEMSA 223.11 ▲ 0.33% CEMEX 21.85 ▲ 0.64% GFNORTE 187.41 ▲ 1.11% BIMBO 55.93 — 0.00% TELEVISA 9.76 ▲ 2.85% AMX 22.87 ▲ 1.02% GAP 414.17 ▲ 0.11% ASUR 286.77 ▲ 1.11% OMA 236.44 ▼ 0.66% KOF 181.48 ▲ 0.32% GRUMA 282.98 ▲ 0.24% KIMBER 38.21 ▼ 0.60% SQM-B 68,130 ▼ 1.40% COPEC 6,035 ▲ 0.25% BSANTANDER 78.28 ▲ 1.01% FALABELLA 5,893 ▲ 0.72% ENELAM 85.00 ▲ 1.00% CENCOSUD 2,039 ▼ 0.84% CMPC 1,100 ▲ 0.50% BANCO CHILE 187.92 ▲ 0.49% LATAM AIR 26.25 ▼ 0.57% YPF 74,250 ▼ 2.01% GGAL 8,345 ▲ 5.90% PAMPA 5,175 ▼ 0.58% TXAR 668.00 ▲ 0.53% ALUAR 979.00 ▲ 1.08% TGS 9,550 ▲ 2.58% CEPU 2,347 ▲ 1.38% MIRGOR 17,025 ▼ 1.02% COME 45.86 ▲ 0.97% LOMA NEGRA 3,568 ▲ 2.00% BYMA 313.75 ▲ 1.29% TELECOM ARG 4,215 ▲ 2.31% ECOPETROL 15.55 ▲ 1.04% BANCOLOMBIA 83.43 ▲ 3.09% GRUPO AVAL 5.09 ▲ 1.29% CREDICORP 401.24 ▲ 2.38% SOUTHERN COPPER 176.03 ▲ 0.91% BUENAVENTURA 30.13 ▲ 1.95% MERCADOLIBRE 1,879 ▲ 3.94% NUBANK 13.89 ▲ 1.57% XP 17.04 ▲ 3.81% PAGSEGURO 9.30 ▲ 3.28% STONE 11.25 ▲ 2.60% GLOBANT 30.08 ▼ 3.88% TECNOGLASS 44.26 ▲ 2.60% GAP AIRPORT 236.42 ▲ 0.83% ASUR 286.77 ▲ 1.11% OMA AIRPORT 108.32 ▼ 0.01% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.67 ▲ 0.53% CEMEX ADR 12.52 ▲ 1.21% PETROBRAS ADR 17.18 ▲ 0.85% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.67 ▲ 4.65% SANTANDER BR 5.42 ▲ 5.45% AMBEV ADR 3.09 ▲ 1.48% CSN 1.03 ▲ 7.36% GERDAU 4.50 ▲ 2.04% LATAM ADR 57.22 ▲ 0.32% BTC 63,864 ▲ 1.06% ETH 1,788 ▲ 2.47% SOL 77.56 ▼ 0.62% XRP 1.10 ▲ 0.58% BNB 575.91 ▲ 1.31% ADA 0.17 ▲ 0.05% DOGE 0.07 ▲ 1.53% AVAX 6.74 ▲ 0.85% LINK 7.92 ▲ 2.39% DOT 0.87 ▲ 5.56% LTC 44.51 ▲ 1.70% BCH 246.66 ▲ 3.74% TRX 0.33 ▼ 0.55% XLM 0.19 ▲ 2.15% HBAR 0.07 ▼ 0.12% NEAR 1.89 ▼ 1.43% ATOM 1.59 ▲ 2.27% AAVE 95.42 ▲ 4.56% SELIC 14.25% EMBRAER 84.94 ▲ 1.29% EMBRAER ADR 66.53 ▲ 1.51% JBS 11.93 ▲ 1.66% JBS BDR 60.77 ▲ 1.20% MBRF3 15.58 ▲ 1.10% MBRFY 3.03 ▲ 1.00% INTER 5.87 ▲ 2.80% IBOV 177,685 ▲ 2.86% IPSA 11,032 ▲ 0.06% IPC MEX 66,556 ▲ 0.68% MERVAL 3,267,897 ▲ 2.04% COLCAP 2,295.36 ▲ 0.11% BVL PERÚ 56,194.27 ▲ 1.09% USD/BRL 5.11 ▼ 0.16% USD/MXN 17.48 ▼ 0.39% USD/CLP 924.82 ▼ 0.31% USD/COP 3,239 ▼ 3.11% USD/PEN 3.39 ▼ 0.27% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.81% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.07% BRENT 76.02 ▼ 0.37% WTI 71.44 ▼ 0.89% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.04% GOLD 4,112 ▼ 0.46% SILVER 60.06 ▼ 0.53% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.23 ▼ 0.81% PETR4 39.51 ▲ 0.77% VALE3 74.45 ▲ 1.78% ITUB4 44.26 ▲ 3.92% BBDC4 18.83 ▲ 4.61% ABEV3 15.90 ▲ 1.15% BBAS3 20.64 ▲ 3.20% B3SA3 15.47 ▲ 4.60% WEGE3 46.51 ▲ 1.68% PRIO3 55.30 ▼ 0.56% SUZB3 41.51 ▲ 1.17% RENT3 40.95 ▲ 3.93% AZZA3 19.27 ▲ 4.39% CSAN3 4.04 ▲ 4.66% RAIZ4 0.35 ▼ 5.41% PCAR3 2.78 ▲ 0.72% GMAT3 3.97 ▲ 1.02% PSSA3 54.69 ▲ 2.51% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 3.64% SLCE3 14.05 ▲ 1.89% NATU3 8.55 ▲ 1.06% BRKM5 6.58 ▲ 3.46% RANI3 8.01 ▲ 1.91% CSNA3 5.19 ▲ 8.13% CMIN3 5.11 ▲ 5.80% USIM5 8.44 ▲ 1.08% GGBR4 22.94 ▲ 2.05% ENEV3 27.34 ▲ 4.35% CPFE3 47.75 ▲ 3.15% CMIG4 11.34 ▲ 2.35% EQTL3 40.90 ▲ 3.52% LREN3 14.71 ▲ 3.96% VIVT3 35.59 ▲ 3.16% RAIL3 14.14 ▲ 2.84% KLABIN 17.50 ▲ 0.57% RAIA DROGASIL 18.92 ▲ 4.36% RDOR3 36.07 ▲ 2.62% HAPV3 10.60 ▲ 5.26% FLRY3 16.41 ▲ 4.19% SMTO3 16.26 ▲ 1.31% UGPA3 30.63 ▲ 1.76% VBBR3 32.82 ▲ 2.24% BBSE3 40.33 ▲ 2.67% BPAC11 58.95 ▲ 5.87% CURY3 34.14 ▲ 4.40% AERI3 2.08 ▲ 0.97% VIVARA 23.60 ▲ 4.52% COMPASS 25.02 ▲ 1.38% VAMOS 3.08 ▲ 4.05% SANB11 27.49 ▲ 4.72% ASAI3 8.90 ▲ 5.20% SBSP3 31.04 ▲ 3.47% WALMEX 49.38 ▲ 0.73% GMEXICO 198.50 ▲ 1.62% FEMSA 223.11 ▲ 0.33% CEMEX 21.85 ▲ 0.64% GFNORTE 187.41 ▲ 1.11% BIMBO 55.93 — 0.00% TELEVISA 9.76 ▲ 2.85% AMX 22.87 ▲ 1.02% GAP 414.17 ▲ 0.11% ASUR 286.77 ▲ 1.11% OMA 236.44 ▼ 0.66% KOF 181.48 ▲ 0.32% GRUMA 282.98 ▲ 0.24% KIMBER 38.21 ▼ 0.60% SQM-B 68,130 ▼ 1.40% COPEC 6,035 ▲ 0.25% BSANTANDER 78.28 ▲ 1.01% FALABELLA 5,893 ▲ 0.72% ENELAM 85.00 ▲ 1.00% CENCOSUD 2,039 ▼ 0.84% CMPC 1,100 ▲ 0.50% BANCO CHILE 187.92 ▲ 0.49% LATAM AIR 26.25 ▼ 0.57% YPF 74,250 ▼ 2.01% GGAL 8,345 ▲ 5.90% PAMPA 5,175 ▼ 0.58% TXAR 668.00 ▲ 0.53% ALUAR 979.00 ▲ 1.08% TGS 9,550 ▲ 2.58% CEPU 2,347 ▲ 1.38% MIRGOR 17,025 ▼ 1.02% COME 45.86 ▲ 0.97% LOMA NEGRA 3,568 ▲ 2.00% BYMA 313.75 ▲ 1.29% TELECOM ARG 4,215 ▲ 2.31% ECOPETROL 15.55 ▲ 1.04% BANCOLOMBIA 83.43 ▲ 3.09% GRUPO AVAL 5.09 ▲ 1.29% CREDICORP 401.24 ▲ 2.38% SOUTHERN COPPER 176.03 ▲ 0.91% BUENAVENTURA 30.13 ▲ 1.95% MERCADOLIBRE 1,879 ▲ 3.94% NUBANK 13.89 ▲ 1.57% XP 17.04 ▲ 3.81% PAGSEGURO 9.30 ▲ 3.28% STONE 11.25 ▲ 2.60% GLOBANT 30.08 ▼ 3.88% TECNOGLASS 44.26 ▲ 2.60% GAP AIRPORT 236.42 ▲ 0.83% ASUR 286.77 ▲ 1.11% OMA AIRPORT 108.32 ▼ 0.01% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.67 ▲ 0.53% CEMEX ADR 12.52 ▲ 1.21% PETROBRAS ADR 17.18 ▲ 0.85% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.67 ▲ 4.65% SANTANDER BR 5.42 ▲ 5.45% AMBEV ADR 3.09 ▲ 1.48% CSN 1.03 ▲ 7.36% GERDAU 4.50 ▲ 2.04% LATAM ADR 57.22 ▲ 0.32% BTC 63,864 ▲ 1.06% ETH 1,788 ▲ 2.47% SOL 77.56 ▼ 0.62% XRP 1.10 ▲ 0.58% BNB 575.91 ▲ 1.31% ADA 0.17 ▲ 0.05% DOGE 0.07 ▲ 1.53% AVAX 6.74 ▲ 0.85% LINK 7.92 ▲ 2.39% DOT 0.87 ▲ 5.56% LTC 44.51 ▲ 1.70% BCH 246.66 ▲ 3.74% TRX 0.33 ▼ 0.55% XLM 0.19 ▲ 2.15% HBAR 0.07 ▼ 0.12% NEAR 1.89 ▼ 1.43% ATOM 1.59 ▲ 2.27% AAVE 95.42 ▲ 4.56% SELIC 14.25% EMBRAER 84.94 ▲ 1.29% EMBRAER ADR 66.53 ▲ 1.51% JBS 11.93 ▲ 1.66% JBS BDR 60.77 ▲ 1.20% MBRF3 15.58 ▲ 1.10% MBRFY 3.03 ▲ 1.00% INTER 5.87 ▲ 2.80%
since 2009
Friday, July 10, 2026

Art and Culture Art + Culture - Brazil

São Paulo Governor Proposes 23 Percent Cut to Culture Budget

By · April 10, 2019 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

By Richard Mann, Contributing Reporter

SÃO PAULO, Brazil – Nineteen federally-funded museums, cultural institutions, and events in São Paulo could be impacted by steep budget cuts proposed by state governor João Doria.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
Governor João Doria promises: “Nothing will be closed and nothing will be stopped.”
“Nothing will be closed and nothing will be stopped,” promises João Doria
RT
Ask Rio Times
Latin American culture, food and life.
Open the full Ask Rio Times →

Earlier this month, the government announced a contingency plan which foresees a cut of R$ 127.3 million (23 percent) to the Ministry of Culture’s annual budget – a reduction some worry will severely impact museums like the Pinacoteca.

Doria refutes the idea that budget cuts will negatively affect cultural enterprises. In a video announcement released by his press office this week, he said, “Nothing will be closed and nothing will be stopped. We have not yet announced which programs will be impacted because we are doing everything calmly and with good planning.”

Despite the governor’s reassurances, the staff at the Pinacoteca expect that the cut will drastically reduce funding for public programs and force the cancellation of temporary exhibitions, lectures, and free admission on Saturdays, which benefit over 150 thousand visitors annually. Educational programs that were due to serve around 53 thousand students in 2019 could also be canceled.

Culture Sector Opposes

Ahead of the final decision, Brazilian cultural representatives are speaking out against the proposal. The newly-opened Afro-Brazilian Museum said in a statement: “The budget cut will mean the dismissal of large numbers of employees, the reduction of projects and activities, and the closing of the museum on Fridays, Saturdays, and Sundays.” The statement adds that all the museum’s temporary exhibitions planned for 2019 will be canceled, and urges institutions and individuals to “mobilize, sign, and share public petitions, and put pressure on authorities.”

The Brazilian Network of University Collections and Museums wrote: “São Paulo is the state with the most museums […] and is the state that pioneered the creation of a continuous public system of museums, as opposed to the public policy today.” And added: “The consequence of budget cuts is the deterioration of buildings, the reduction of security, and the diminishing of public access to museums.”

The Pinacoteca in São Paulo is one of the most comprehensive museums in South America.
The Pinacoteca in São Paulo is one of the most comprehensive museums in South America.

“Culture must be understood as an investment. It’s a fact that the cultural economy in Brazil brings in R$ 165 billion, accounting for 3 percent of the country’s GDP and generating more than three million jobs. For every one real that’s invested in culture, three reais are returned to society,” said The Brazilian Forum for Cultural Rights.

The budget cuts would also affect the São Paulo State Symphony Orchestra, the State System of Public Libraries of São Paulo – which serves 200 municipalities – and the São Paulo Dance Company, among others. The prestigious São Paulo Literature Award would also likely be axed.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.