Brazil buying as many vaccines as it can, criticism unwarranted, says economy minister
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Analysis: Vowing budget control, Brazil faces pressure to keep spending Reuters 1/22/2021 By Jamie McGeever © Reuters/ADRIANO MACHADO FILE PHOTO: Federal Deputies Pacheco and Andrada seen during Commission of Constitution and Justice meeting in Brasilia
By Jamie McGeever
BRASILIA (Reuters) - Brazil s government entered 2021 determined to slash last year s record budget deficit, but a devastating second wave of COVID-19 and fragile economic growth are piling the political pressure on President Jair Bolsonaro to keep spending.
Lawmakers seeking to become the next leaders of both houses of Congress have told Reuters they understand the importance of restoring the public finances back to health, but are looking for ways to protect growth and Brazil s poor from the pandemic.
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In an effort to maintain global operating margins, the company announced Monday two plants will be shut down immediately, while a third one will close by the end of 2021. The decision, which will cost Ford about $4.1 billion in pretax charges, is expected to leave about 5,000 people unemployed.
“With more than a century in South America and Brazil, we know these are very difficult, but necessary, actions to create a healthy and sustainable business,” Ford CEO Jim Farley said. “We are moving to a lean, asset-light business model by ceasing production in Brazil.”
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Proposed Tax on Books in Brazil May Disadvantage Readers in Poorer Neighbourhoods
The proposal is part of the bolsonaro government s tax reform plan.
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In 2007, writer Alessandro Buzo opened the Suburbano Convicto bookshop. At the time, the Itaim Paulista neighbourhood in eastern São Paulo had no public libraries schools were the only places where people had public access to books.
Years later, Buzo says access to public reading spaces has gotten easier but the cost of books can still be an obstacle for many people in his neighbourhood. For low-income Brazilians, access to affordable books may get even harder if a proposed 12 percent tax on the purchase of books passes through the Brazilian Congress.
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