Brazil Politics: Congress Seeks Deal to Enact Precatorios Bill
(Bloomberg) -- After a series of delays and changes to the text, Brazil's Senate approved the court-ordered payment bill, the so-called Precatorios Bill, that loosens the country's fiscal austerity law, making room in the budget for the new social program that President Jair Bolsonaro is launching ahead of his re-election campaign next year.
Changes were introduced by senators, so the bill will have to return to the lower house, where lawmakers who have already passed it will analyze its latest version. The bill needs their approval again to become law.
Read more: Brazil's Senate Approves Bill That Eases Government Fiscal Rules
Lower House speaker Arthur Lira, who met with Senate president Rodrigo Pacheco, said there will be maximum effort among the two houses to get a common text enacted as quickly as possible. What is not agreed upon goes back to committees in the lower house next year, Lira told reporters.
Economy Minister Paulo Guedes backed the measure and said that there is no lack of fiscal control in Brazil. According to him, the bill was a lesser harm than other alternatives raised.
2022 Elections
Former judge Sergio Moro sought out the former Supreme Court justice Joaquim Barbosa to talk about the 2022 elections, says O Globo. Moro's party Podemos mulls Barbosa as vice president or running for the Senate next year. The possible alliance between the former Sao Paulo governor Geraldo Alckmin, who is leaving the PSDB party, and the former president Luiz Inacio Lula da Silva has displeased some sectors of the Brazilian left wing, such as the PSOL party, according to another report by the newspaper.
Omicron in Brazil
Brazil's Federal District confirms two cases of the omicron variant, newspaper Folha de S. Paulo reports, citing officials. The country has so far confirmed 5 omicron cases. Sao Paulo state will continue to require people to wear masks outdoors, as advised by its scientific committee, Governor Joao Doria says on Twitter. The city also decided to cancel its traditional New Year's Eve party, Folha de S.Paulo reports.
Rio de Janeiro city expands proof of vaccination requirements to more services and establishments as of today, according to a note published by city hall.
Coronavirus
Brazil reported a total of 22,118,782 Covid-19 cases, with 12,910 confirmed in the last 24 hours, according to health ministry data. Country's coronavirus death toll rose by 215 in the last 24 hours to 615,179.
States and the Federal District administered 313,847,280 shots against Covid-19, of which 140,294,099 correspond to 2nd doses or single dose vaccines, according to the latest data available disclosed by the 27 local governments.
Other highlights
- Supreme Court gives green light to maintain new legal framework for sanitation: Estado
Newspaper Top Stories
- O Estado de S. Paulo
- With agribusiness at a low, GDP falls and Brazil enters technical recession
- Folha de S.Paulo
- GDP slips again and indicates long stagnation for 2022
- O Globo
- Rising inflation inhibits consumption and slows GDP
- Valor Economico
- GDP drops 0.1% in the 3rd quarter and reinforces stagnation
Original Story:
Congresso busca texto comum para promulgar PEC: Radar PolÃtico
©2021 Bloomberg L.P.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
