Coronavirus

Brazil's coronavirus "war budget" already 2.6% of GDP, more to come - Guedes

Reuters
01/04/2020 19:59
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Brazil’s emergency “war budget” of measures to tackle the economic and social damage caused by the coronavirus outbreak is already worth 2.6% of gross domestic product and will grow further, Economy Minister Paulo Guedes said on Tuesday.

 

The measures amount to around 750 billion reais ($144 billion), Guedes said, adding that in primary budget terms, Brazil’s government is spending more on fighting coronavirus than any other country in Latin America.

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