The main fiscal steps of the Brazilian government to combat the corona virus are now 3.5% of GDP | Instant News


BRAZILIA, April 8 (Reuters) – The fiscal steps taken by the Brazilian government so far to minimize economic damage due to the coronavirus crisis have a primary budget impact of 3.5% of gross domestic product, said special secretary of the Ministry of Economy Waldery Rodrigues, Wednesday.

That compared with the market average which emerged around 1.6% of GDP, Rodrigues said at the virtual press conference, while the ministry also said that new measures this week would allow more than 60 million Brazilian workers to attract up to 36.2 billion reais ($ 7 billion) of so-called ‘FGTS’ worker funds. (Reporting by Marcela Ayres Writing by Jamie McGeever; Editing by Sandra Maler)



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