Macroeconomy/Finance

Government links financial aid to withdrawing $ 9 bn lawsuits

The government has linked financial aid to states and municipalities during the coronavirus crisis, with legal action being requested to suspend payment of instalments of the Union’s debts. The clause consists of a project negotiated between the team of the Minister of Economy and the President of the Senate. The aid package reaches R$ 120 billion ($ 21.8 billion). Due to the government’s demand, financial assistance will only be guaranteed after withdrawal of lawsuits.

Source: G1

Categories: Macroeconomy/Finance