Brazil - U.S. Business Council

  • About
    • Leadership
    • Meet the Team
    • BUSBC Policy Agenda
    • Events
  • Policy Agenda
  • Newsroom
    • Publications
    • Photo Gallery
  • Membership
    • Member Companies
    • Sponsorships
  • DID Member Login

Brazil’s Congress approves debt stretch-out for states

December 21, 2016 by

The Brazilian Congress on Tuesday night completed action on a bill allowing for a stretch-out of debts owed by state governments to federal agencies. The bill provides for stretch-outs as long as 20 years with grace periods for some of the debts in the first year. Congress eliminated provisions for austerity policies by the states as part of the debt stretch-out negotiations. President Michel Temer had pushed for the austerity provisions. News reports said the president may veto the bill. Several Brazilian states have declared fiscal “emergencies” because of declining revenues and rising costs in the face of a two-year recession.

Link to government news agency release

More Testimonials

Filed Under: Brazil News

Brazil In The News

Brazil-U.S. Business Council

View All Brazil News Alerts

Connect With Us

Brazil-U.S. Business Council
1615 H Street NW
Washington, DC 20062

Phone: 202-463-5729
Email: brazilcouncil@uschamber.com

  • Facebook
  • LinkedIn
  • Twitter
Copyright © 2022 | Brazil-U.S. Business Council | Privacy Policy