SAO PAULO | “Brazil is bankrupt. There is nothing that I can do about it, “said President Zaire Bolsonaro on Tuesday, adding that the crisis was caused by” the virus that fueled the press. “
“Brazil is bankrupt. I can do nothing. I wanted to change the tax deduction grid, but this press fuel virus is here for us, this exciting press is there, ”Bolsonaro said in response to one of his supporters. Before his official residence in Brasilia.
The Brazilian president mentioned reform that would raise the level of tax-exempt income, a campaign pledge of the far-right leader who came to power with a liberal economic program.
For Mr Bolsonaro, the country’s economic collapse has been linked to sanctions recommended by governors to fight the coronavirus epidemic, which has already killed nearly 198,000 people in Brazil. It is popular for providing emergency assistance to 68 million Brazilians, or almost a third of the population, for more than nine months.
But this month, the aid was halted, with markets pressing for a higher level of deficit and concerns about the country’s debt, which could put it “on the brink of a social abyss,” said Marcelo Neri, director of the center. The Social Policy of the Getulio Vargas Foundation.
Meanwhile, the number of cases and deaths continues to rise. In the last 24 hours, the South American giant has recorded 1,171 deaths and nearly 60,000 new infections, which are expected to rise in the coming weeks due to the massive gatherings over the Christmas and New Year holidays. One, according to experts.