|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Brazil (Click here for more)

Brazil Expands Aid to 1.3 Million To Face Economic Crisis

RIO DE JANEIRO -- The Brazilian government announced that it has extended its social assistance program to an additional 1.3 million families to alleviate the effects of the economic slowdown among the country's poorest citizens.

The government raised the maximum income threshold for the families that can request the subsidy to 137 reais ($60) per person, the Social Development Ministry announced.

Officials took into account the inflation rate and several studies that verified the need to broaden the number of families included in the social protection net, "principally at the time of the crisis," according to the ministerial communique.

The adjustment was the decision of President Luiz Inacio Lula da Silva after consultations with Social Development Minister Patrus Ananias, Planning Minister Paulo Bernardo and Finance Minister Guido Mantega.

Expansion of benefits will be effected in a gradual manner to expand the number of families aided from 11 million to 12.3 million by October 2009.

The impact of the measure in the 2009 budget will be 549 million reais ($241 million), which means that the government will distribute around 11.9 reais ($5.23 billion) annually under the program.

The "Bolsa Familia" (Family Pocketbook) program establishes subsidies of between $27 and $80 a month and additional variable quotas of $8.80 which are paid for up to the third child under 15 who is still in school.

For each child 16-17 years of age who continues to be enrolled in school, the government contributes an extra $13 per month.

"Bolsa Familia" combined a series of subsidies for the poor established during the 1995-2002 government of Fernando Henrique Cardoso with the new ones created by Lula in 2003, when he first took office with the commitment to end hunger in Brazil. EFE


 

 

Xbox Live Gratuit
Copyright Latin American Herald Tribune - 2009 © All rights reserved