Macroeconomy/Finance

Senate approves MP that releases $ 1.5 billion to fight Coronavirus

The Senate approved the Provisional Measure that extinguishes the monetary reserve fund and allocates the resources, about R$ 9 billion ($ 1.5 billion), to fight the Covid-19. The proposal goes to the sanction of President Jair Bolsonaro. The text expects that the money will be distributed in the proportion of 50% for states and 50% for municipalities according to rules to be stipulated by the federal government.

Source: Exame

Categories: Macroeconomy/Finance