Macroeconomy/Finance

Bolsonaro expects $1.5 billion from sale of properties

Brazil federal government expects to raise R$6 (US$1.5) billion in 2020 from the sale of its real estate holdings. The forecast is to raise R$3 billion from the auction of 425 properties, including land, apartments, houses and stores, and the remainder from the sale of a portion of 100,000 plots of land under an outdated “forum” regime (similar to a a perpetual lease), said the Secretary for the Coordination and Governance of Federal Assets, Fernando Bispo.

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Source: The Rio Times

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