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Market Talk – February 12, 2021 | Armstrong Economics

UPDATE 1-Brazil Senate leader expects to pass four months of emergency pandemic payments

13 Feb 2021 / 10:55 H. (Adds detail, quote, comment) BRASILIA, Feb 12 (Reuters) - Brazil moved a step closer on Friday to reviving pandemic emergency aid to the poor, as Senate President Rodrigo Pacheco said the chamber will prioritize approving the payments, which he expects to be granted over four months from March through June. Speaking alongside Economy Minister Paulo Guedes and lower house leader Arthur Lira, Pacheco said emergency aid and COVID-19 vaccines are the absolute priority, and will remain so until the pandemic is over. We expect there will be emergency aid in March, April, May and eventually a fourth month of June, Pacheco said, insisting that the package meet the government s fiscal rules.

Brazil will extend emergency aid but only with cost-cutting measures: Guedes

Brazil will extend emergency aid but only with cost-cutting measures: Guedes By Gabriel Ponte and Jamie McGeever FILE PHOTO: Brazil s Economy Minister Paulo Guedes reacts before a ceremony at the Planalto Palace BRASILIA (Reuters) – Brazil will extend pandemic emergency cash transfers to the poor and vulnerable, Economy Minister Paulo Guedes said on Thursday, but added that the payments must come with compensating cost-cutting measures to avoid ruin to the public finances. Addressing an online event hosted by the National Agriculture Society, Guedes said the aid must be included in an emergency ‘war budget’ like last year, meaning the government’s spending cap and ‘golden rule’ on borrowing would not be broken.

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