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Bolsonaro is breaking the country: 200,000 dead, unemployment and poverty - International Viewpoint


Brazil
Monday 18 January 2021, by Esquerda Online
President Jair Bolsonaro’s remarks to one of his supporters, saying that the country is bankrupt and that there is nothing he can do, have been widely debated. But the public accounts do not confirm what he said, even with a global economic crisis that has been dragging on for several years and the decline in activity during the pandemic. Brazil is not broken : it has 1.24 trillion reais in the National Treasury (Tesouro Nacional), foreign exchange reserves and a surplus of more than $50 billion in its trade balance. In other words, even by the ruthless criteria of the market”, the country has resources. ....

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