Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Ogor Mawtribes Gain Powerful New Rules in Upcoming Warhammer Age of Sigmar Battletome
    • Excel World Championship Goes Global as Competitors Tackle Puzzles in the Open Air
    • South East Water Ordered to Fund £30.5 Million Improvement Programme Following Major Supply Failures
    • Adobe Expands User Control Over AI Tools in Lightroom and Photoshop
    • Monitor Audio Radius Series 4G Launches With Ambitions to Redefine Compact Hi-Fi Sound
    • Anthropic to Hold White House Talks After AI Tool Suspension
    • Rayman Legends Retold Confirmed For October Release On Xbox Series X|S
    • Microsoft Tests AI Wearable Devices Designed for Office Workers
    Mediarun Search
    • Home
    • Top News
    • World
    • Economy
    • Science
    • Technology
    • Sport
    • Entertainment
    • Contact Us
    Mediarun Search
    Home»Economy»The government announces a new blockade of 6.7 billion Brazilian riyals and cuts the budget – Jornal do Oeste
    Economy

    The government announces a new blockade of 6.7 billion Brazilian riyals and cuts the budget – Jornal do Oeste

    Charlotte WhitmoreBy Charlotte WhitmoreJuly 23, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    The government announces a new blockade of 6.7 billion Brazilian riyals and cuts the budget – Jornal do Oeste
    Share
    Facebook Twitter LinkedIn Pinterest Email

    On Friday, 22nd, the Economy Ministry announced an additional R$6.739 billion block from this year’s budget to meet the spending ceiling, the rule that prevents expenditures from growing faster than inflation.

    According to the government, in total, joining the three cuts made in 2022,

    R$12.74 billion was blocked from the budget. In practice, this amount of funds allocated to ministries, which are already complaining of a lack of resources in daily operations, has been suspended.

    According to a technician from the Ministry of Economy, since the last report, in May, the government has been using the blocked resources to meet the urgent needs of agencies. Therefore, in practice, a higher devaluation would be required now, amounting to R$6.7 billion. If this compensation was not needed, the additional block would be less, worth R$2.77 billion compared to what was already blocked in May, according to the ministry.

    Details of the areas that will be affected must be announced on Monday, 25. The cuts (emergency in the technical range) are made in the so-called discretionary expenditures, that is, not mandatory. It does not exceed 5% of the budget and includes, for example, payment of energy, communications and water bills for public buildings, subject to a reduction in the event of default, as well as outsourcing of cleaning and security services, university maintenance, maintenance of federal highways and civil defense measures for prevention of disasters.

    The Economy Ministry did not say whether the new blockade would also affect the secret budget, which was revealed by Estadão, or other parliamentary amendments.

    See also  Trump is no Lula, but he's also using the tactic of attacking the central bank

    Information about the new blockade is contained in the “Bi-monthly Report on the Assessment of Revenues and Expenditures”, published in an additional edition of the “Official Gazette of the Union”.

    According to the ministry, the new block was necessary because there is an increase in the estimate of mandatory spending subject to the spending cap, even in the face of recent records of tax collection and contributions.

    Among the new expenditures that the government has begun projecting, are R$3.86 billion for the cultural sector for losses related to the pandemic, with President Jair Bolsonaro’s veto being overthrown against the Paulo Gustavo Act and R$2.24 billion earmarked for states and municipalities. To adhere to the minimum wage for CHWs (minimum wages).

    Charlotte Whitmore

    Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    South East Water Ordered to Fund £30.5 Million Improvement Programme Following Major Supply Failures

    July 14, 2026

    UK Green Economy Surpasses £100bn as Net Zero Sector Drives Jobs and Investment

    June 3, 2026

    BYD to cooperate with Senate to deregulate electric vehicles

    October 28, 2025
    Leave A Reply Cancel Reply

    Navigate
    • Home
    • Top News
    • World
    • Economy
    • Science
    • Technology
    • Sport
    • Entertainment
    • Contact Us
    Pages
    • About Us
    • Contact Us
    • DMCA
    • Editorial Policy
    • Privacy Policy
    © 2026 Media Run Search. All Rights Reserved. Designed by Media Run Search.

    Type above and press Enter to search. Press Esc to cancel.