{"id":119582,"date":"2021-08-09T18:32:35","date_gmt":"2021-08-09T18:32:35","guid":{"rendered":"https:\/\/fin2me.com\/?p=119582"},"modified":"2021-08-09T18:32:35","modified_gmt":"2021-08-09T18:32:35","slug":"brazils-new-welfare-program-will-keep-within-spending-cap-minister","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/brazils-new-welfare-program-will-keep-within-spending-cap-minister\/","title":{"rendered":"Brazil's new welfare program will keep within spending cap -minister"},"content":{"rendered":"
BRASILIA, Aug 9 (Reuters) – Brazil\u2019s new social welfare program planned by President Jair Bolsonaro\u2019s government will not exceed the country\u2019s constitutionally-mandated spending ceiling, Citizenship Minister Joao Roma said on Monday.<\/p>\n
Bolsonaro says the government will increase by at least 50% the current \u201cBolsa Familia\u201d welfare benefit for millions of Brazil\u2019s poorest people that will be renamed \u201cAuxilio Brasil\u201d and start monthly payments in November.<\/p>\n
\u201cWe want to increase the average payment, but we have to act with fiscal responsibility to avoid an imbalance in government finances,\u201d Roma said in a news conference.<\/p>\n