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Econ Ministry - Preparing More Stimulus

BRAZIL

*BRAZIL READIES MORE STIMULUS IN CASE OF NEW VIRUS LOCKDOWNS (bbg)

  • Measures would affect cash flow but not 2021 fiscal goals (bbg)
  • Extension of emergency payments not yet on the table (bbg)

Article explains:

  • Brazil's economy ministry is said to be preparing a series of stimulus measures to support companies and workers in case new lockdowns are imposed next year to fight a resurgent coronavirus outbreak. (bbg)
  • Regarding extension of emergency payments:*Isn't on the table right now but could become necessary if strict quarantines are in place for too long, said the people, asking for anonymity because the discussion isn't public. (bbg)
*Obviously a positive to know there may be support if the situation continues to worsen, however it may have negative implications for the fiscal trajectory, despite an adherence to the cap and 2021 goals.

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