Bolsonaro enacts budget law 2022

File image of Brazilian President Jair Bolsonaro during a press conference after meeting with the leaders of Suriname and Guyana in Paramaribo, Suriname. January 20, 2022. REUTERS/Ranu Abhelakh

BRASILIA, Jan 24 (Reuters) – Brazilian President Jair Bolsonaro promulgated the 2022 budget on Monday, the country’s official gazette showed, with total spending estimated at 4.7 trillion reais ($862.13 billion).

Bolsonaro vetoed a total of 3.1 billion reais in spending initially approved by Congress, but it was not immediately clear which sectors or activities would be affected by the measure.

Reuters reported last week, citing sources, that Bolsonaro was expected to ban 3.1 billion reais in spending to allow those funds to be spent on the public payroll.

According to the 2022 budget law, Brazil’s primary budget is expected to have a deficit of 79.3 billion reais.

(1 dollar = 5.4516 reais)

(Reporting by Ricardo Brito; writing by Gabriel Araujo; editing in Spanish by Marion Giraldo)



Reference-www.infobae.com

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