Sanitation Framework: Brazil deactivates 600 landfills in one year

More than 600 landfills across Brazil have been deactivated in a one-year period, according to a survey by Abetre. The closure of landfills has been being promoted by the Lixão Zero programme, launched in 2019 by the Ministry of Environment. The Sanitation Framework, sanctioned in July 2020, also established the closure of all dumps in Brazil by 2024.

Source: Agencia Brasil

Brazil will have $1 bn to digitalise services

The Inter-American Development Bank (IDB) has approved a $1 billion credit line to finance projects that improve digitalisation and connectivity in Brazil. The objective is to promote initiatives that increase the use of technology in the production and availability of public services. The resources of the “More Digital Brazil” line may be accessed by the Union, States and municipalities, as well as small companies, through development banks.

Source: UOL Economia

Brazil has seen its per capita income plummet over the last 40 years

Since 1980, the country has plummeted from 50th to 85th place in the global ranking of GDP per capita. And if reforms are not made, a lost decade could turn into half a century. At first glance, Brazil has an impressive economic power. Measured by GDP in dollars, according to purchasing power parity, Brazil ranks 8th among world economies. According to this method, Brazil currently ranks 85th among 195 countries in the world.

Source: Energia Hoje

EDP invests $715k in the fight against the second wave of Covid-19

EDP is allocating an additional R$ 4 million ($715k), amid the second wave of the Covid-19 pandemic, for initiatives in the fields of health and fight against hunger, in the states of São Paulo and Espírito Santo. According to the company, the first initiative is the support to Hospital das Clínicas da Faculdade de Medicina da USP (HCFMUSP) in the hiring of health professionals who will reinforce the assistance to Covid-19 patients.

Source: Canal Energia

Unemployment hits record and reaches 14.3 million people

The unemployed population in the country reached 14.272 million people in the mobile quarter ended in January, according to the National Continuous Household Sample Survey (Pnad), a record for the historical series, which began in 2012. Despite the record high in the unemployed population, the unemployment rate stood at 14.2% in the quarter ended in January, which is considered stable compared to the previous quarter (ended in October, 14.3%).

Source: Valor Investe

Government tax burden estimated at 31.64% of GDP in 2020

The Gross Tax Load of the general government is estimated at 31.64% of GDP in 2020, the National Treasury. The figure is 0.87% lower than that observed in 2019, when it stood at 32.51% of GDP. By this estimate, the tax burden last year was the lowest since 2010. According to the Treasury, the drop is explained mainly by the effects of the covid-19 pandemic on economic activity and tax exemptions granted as a result of the health crisis.

Source: UOL Ecomomia

Parliamentary amendments reach a record of $8.7 bn

The volume of parliamentary amendments proposed by Congress for this year’s budget, R$ 48.8 billion ($8.7 bn), is a record and exceeds the value of all previous years. These resources are usually indicated by deputies and senators for works and projects in their own electoral districts. Over time, parliamentarians have acted to gradually increase control over the Budget.

Source: 6 Minutos

Federal revenue has best result for the first two months of the year since 2000

The federal tax collection grew 4.3% in real terms in February and accumulated in the two months the highest result for the period in 21 years, but the government warned that the resurgence of the pandemic should impact the collection of taxes from mid-March. Last month, tax revenue totalled R$127.7 billion ($23 bn), the Federal Revenue Service said. The figure came above expectations for collection of R$124.9 billion ($22 bn), according to a Reuters poll of analysts

Source: 6 Minutos

OECD links growth to judicial efficiency in Brazil

A study by the OECD suggests that Brazil needs to reduce judicial inefficiency and uncertainty in order to boost economic activity and overcome the current deep recession caused by Covid-19. Bankruptcy proceeding are also considered less efficient and more costly than in OECD members. A typical insolvency case takes four years in Brazil compared to 1.8 year in developed countries. Since the assets of companies in bad shape tend to lose value quickly, the debt recovery rate in Brazil with bankruptcies is only 18 cents per dollar, compared to 68 cents in rich countries.

Source: Valor International