Programme to reduce youth unemployment is expected to cost $1.1 bn

The program being called Productive Inclusion Bonus (BIP) is expected to cost around R$ 6 billion ($1.1 bn) to the public coffers and aims to reduce youth unemployment. The beneficiary would receive up to R$ 600 ($110), which would be divided between the government and the employer. The idea so far is that the amount paid by the Union could vary from R$250 to R$300 – ($45 – $55) the other part would be paid by the employer.

Source: Valor Investe