Brazil's Guedes says Treasury officials quit over larger welfare program

by Aurelia Butler 22 October 2021, 19:23 169 Views

Guedes, speaking next to Bolsonaro at a news conference, said the monthly stipend of 400 reais ($71) for some 17 million families “does not alter the fiscal fundamentals of Brazil.” Brazil’s currency and stocks extended losses on Friday following an exodus of senior Treasury officials triggered by Bolsonaro’s plans to spend more ahead of next year’s election.

($1 = 5.6550 reais)

Source: Economy - investing.com

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Brazil's Guedes says Treasury officials quit over larger welfare program

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