September 01, 20 - 10:27 am - LABS

Brazil’s Bolsonaro extends COVID-19 assistance until end of year at BRL 300

Brazilian President Jair Bolsonaro said on Tuesday he has extended financial assistance to help offset the economic fallout from the pandemic until the end of the year, at a lower rate of BRL 300 ($55.63) per month, down from BRL 600.

The emergency aid was created in April to help self-employed workers, individual microentrepreneurs (known for the acronym MEIs in the country), and the unemployed during the crisis generated by the new coronavirus pandemic. Initially, three payments of BRL 600 were made. In early July, the government extended the benefit for two more months.

According to Revista Piauí, the number of beneficiaries of income transfer programs in Brazil quadrupled from 2019 to 2020. Last year, there were 20.5 million people served. In 2020, it jumped to 85.3 million beneficiaries, which corresponds to the population of Germany.