March 13, 2019 / 2:16 PM / 5 months ago

Brazil constitutional change needed now to fix state finances - Economy Ministry source

BRASILIA, March 13 (Reuters) - Changes to Brazil’s constitution are urgently needed to address the dire financial situation Brazilian states find themselves in, a senior member of the government’s economic team told Reuters on Wednesday.

The political process for a constitutional amendment to forge a new financing deal between the federal and local governments could be opened by a draft bill from one senator, but the shape of the proposal ultimately would be determined by President Jair Bolsonaro, his chief-of-staff and the two house leaders in Congress, the source said on condition of anonymity. (Reporting by Marcela Ayres, writing by Jamie McGeever Editing by Chizu Nomiyama)

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