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The Minister of Economy, Paulo Guedes, said during a video conference of the National Confederation of Municipalities (CNM) that Brazil will return to growth within five months, after the end of the crisis caused by the Chinese virus.
“In five months we will be growing again. We will surprise. We will get out of this crisis before other countries, we will make money reach city halls,” said the Minister of Economy.
“If the basic line of food, supplies, medicine works, ordering food at home. If that at least works, you can stretch a little. You can last one or two months. If that works, you can perhaps last three months without the economy completely collapsing. After two and a half or three months, the economy starts to fall apart. We are stretched, squeezed,” the minister explained.
Municipal Support
“We will maintain the transfer of resources from the FPM [Municipal Participation Fund] at the same levels as last year to support the Municipalities, even with the sharp drop in our revenue,” assured the Minister of Economy, Paulo Guedes.
“Mayors are the ones who deliver health, sanitation and education, and now these measures and this money have to reach the end,” the minister pointed out.
“The money must be available for the mayor to decide. There is no substitute for the local manager,” said Guedes.
“In five months we will be growing again. We will surprise. We will get out of this crisis before other countries, we will make money reach city halls,” said the minister at the end of his participation in the meeting.