BRASILIA (Reuters) – Brazil’s emergency measures to support the economy during the coronavirus pandemic will have a 344.6 billion reais ($62 billion) impact on this year’s primary budget balance, worth 4.7% of gross domestic product, according to an Economy Ministry presentation on Thursday.
Outlining details of the presentation to reporters in Brasilia, ministry officials also said emergency payments for low-paid, informal workers will total 151.5 billion reais, more than previously announced.
($1 = 5.57 reais)
Brazil emergency measures to have 4.7% of GDP impact on budget: official
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.