Macroeconomy/Finance

Economy Ministry announces $ 2 billion for workers

The federal government decided to compensate part of the income of workers who may have their wages reduced due to the coronavirus crisis. The measure aims to help workers who may have their income cut in half at this time of economic slowdown. The payment must be released for three or four months and can benefit up to 11 million people. Therefore, it should cost R$ 10 billion ($2 billion) to the Workers’ Support Fund (FAT).

Source: Correio Braziliense