About a year ago, the Chamber of Deputies approved the emergency aid, a financial benefit of R $ 600 per month for informal, self-employed and unemployed workers. The aid was dubbed a corona voucher and released because of the economic crisis caused by the pandemic of the coronavirus.
The aid would be paid for 3 months. The 90 days passed, the pandemic worsened and the benefit was extended more than once. The last installment was paid to beneficiaries in December 2020.
Last week, the Senate approved the text of the Emergency PEC. The proposal sets out rules for the Public budget considering the current pandemic moment. The most important point of the PEC is that it paves the way for a new round of emergency aid. Releasing the benefit puts more money in circulation in the economy. On the other hand, the measure also increases concern about the breach in public accounts.
Even without the PEC being fully approved and relying on more votes to take effect, the market has already reacted with ups and downs in recent days. There are several questions on the subject, such as: What is the risk of public authorities’ indebtedness with this measure? How does PEC reflect on the economy? And what should be the impact of this on the financial market?
No episode # 017 of the EXAME Now podcast, economics and financial market experts clarify doubts about the relationship between the government measure and the economy.