Against the world, Brazil may increase carbon emissions in 20%

The fall in global economic activity will make the world reach the goal of reducing gas emissions stipulated by the Paris Agreement. The estimate is that the volume of carbon discharged into the atmosphere will drop 6% globally. Brazil may go against this trend. An analysis made by the Climate Observatory points to an increase of up to 20% in Brazilian emissions, in 2020. The reason is the growth of deforestation in the country.

Source: Exame

Emergency aid will impact $ 28 bn

Demand greater than that predicted by the R$ 600 ($ 110) emergency aid raised the forecast for spending on the benefit to R$ 151.5 billion ($ 28 billion). The estimate, however, considers only the payment up to the third instalment, not taking into account a possible extension of the aid. The amount is 54.2% higher than the initial projection of R$ 98.2 billion ($ 18 billion) announced by the government.

Source: Agencia Brasil

Congress approves $ 62 bn credit for government to pay expenses

Congress approved the supplementary credit of R$ 343.6 billion ($ 62 billion) that would allow the federal government to circumvent the so-called golden rule and issue debt to pay expenses with pensions, salaries and social benefits. Most of the R$ 213.7 billion ($ 38 billion) credit is used to pay Social Security benefits, such as retirement and pensions.

Source: Folha