Brazil's $4 billion budget bombshell hits markets at worst possible time By Reuters
As though things were not troublesome enough for business sectors in Brazil, whose stocks surprising turn in the nation's delicate governmental issues takes steps to make the and cash are among the world's most exceedingly terrible playing out this year, a circumstance significantly harder.
Brazil's Congress casted a ballot late on Wednesday to upset a previous veto on spending by conservative President Jair Bolsonaro, including an up 'til now unbudgeted 20 billion reais a year ($4.2 billion) to social help for old and debilitated individuals, referred to locally as "BPC."
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