Brazil gov't earmarks another $3.28 billion for health care, education

Senator Eduardo Braga, in charge of Brazil's 2017 federal budget in a t congressional committee, unveiled to the press on Tuesday (Nov. 22) a preliminary report in which an extra $3 billion is earmarked for health care and $280 million more for education—$3.28 million altogether.

Regarding health care, Braga explained that more funds were allocated in order to meet the 15% of current net revenue stipulated by the constitutional amendment bill limiting public spending, pending Senate approval.

The new costs with health care and education will be compensated for through the $2.68 billion rise in the ceiling for 2017 revenues and the cut of $1.8 billion in incentives.

Member of the committee may still suggest changes to the report. Once drafted, the document is to submitted to the floor of the house for deliberation.

Translated by Fabrício Ferreira