Pandemic fight has cost $120 bn so far, says Guedes

The primary impact of measures to combat the pandemic on public accounts so far is R$599.5 billion ($120 bn), said Economics Minister Paulo Guedes. The amount, according to Guedes, is equivalent to 8.5% of GDP. Of the total expenditures, R$ 321 billion ($64 bn) were destined to the payment of emergency aid, according to the minister. “Precisely to save the lives of the invisible,” he said.

Source: Valor Investe