Brazil: Lula "Spongs" the Debts of Brazilians with Modest Incomes
10 Articles
10 Articles
In Brazil, Lula "sponges" the debts of households. The Brazilian president actually signed a decree, Monday, May 4, to combat the growing indebtedness of the inhabitants of the country. A remission that can go up to 90% in some cases. An economic measure to improve the purchasing power of the population, but also very political at six months of the elections.
The interim measure (MP) was signed by President Luiz Inácio Lula da Silva this morning, with an expected publication in this second edition of the Official Journal of the Union (DOU).
Brazil: Lula presents new plan to renegotiate debts of vulnerable sectors The plan is aimed at the financial recovery of families, students, retirees and micro-enterprises, to reorganize the domestic economy. Brazil's president, Luiz Inácio Lula da Silva, presented at Planalto Palace a new program aimed at the financial recovery of families, students, [...] Entry Brazil Lula presents program for the financial recovery of families, students, ret…
The government of Luiz Inácio Lula da Silva launched a plan with strong cuts and soft credits to alleviate the indebtedness of households, in an attempt to reactivate consumption and recover support in the middle sectors. President Lula da Silva today officially launched the government plan agreed with the banking system, which must bring out millions of Brazilian families sunk by debts. The weight of this burden affects 80.4% of households and …
The government of Luiz Inácio Lula da Silva launched a plan with strong cuts and soft credits to alleviate the indebtedness of households, in an attempt to reactivate consumption and recover support in the middle sectors. Read more
With the official launch on Monday (4) of the new Development, the federal government confirmed that FGTS (Service Time Guarantee Fund) resources can be used to remove debts from those who join the program. By the rules of the Development, the maximum amount of debts that can be removed with FGTS money is 20% of the total balance that each person.
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