November 18, 2016 / 12:17 PM / in 2 years

Brazil could use money repaid by BNDES to fund state governments- min

BRASILIA, Nov 18 (Reuters) - Brazil is considering using some of the 100 billion reais ($29 billion) repaid to the federal government by public development bank BNDES to help fund cash-strapped state governments, in return for meeting targets to cut their deficits, a minister said.

Presidential Chief of Staff Eliseu Padilha told a local radio station in Rio Grande do Sul that some of the revenues raised from a recent amnesty on repatriating illegal assets would also be earmarked for the states, but this would not be sufficient to solve their funding problems. ($1 = 3.4096 reais) (Reporting by Lisandra Paraguassu; Editing by Daniel Flynn)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below