Monday, 20 May 2019

Brazilian government actions to stimulate job creation undergo cuts

A survey of the Open Accounts Association points out that 25.2% of resources aimed at stimulating job creation. The largest contingency was in the amount allocated to the integration system of employment, labor, and income, which lost R$ 44.8 million. The project to modernize and expand the service network of the unemployment insurance program, of the Brazilian National Employment System, lost R$ 9.6 million. The resources for public registrations in the area of work and employment were reduced by R$ 4.1 million.

The note on contingency in government actions aimed at job creation was seen as discouraging by many economic analysts. Especially when Brazil is experiencing an increase in the number of people looking for work and the federal government decides to cut R$ 59.2 million on actions to stimulate the opening of new jobs in the market.

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