Brazil to release $1.37 billion from severance fund
Brazil will release 7 billion reais from the FGTS fund to help 10 million workers. The measure is part of a plan to restructure and reduce household debt.
Xurve View
Xurve View
The government of Brazil is set to release 7 billion reais ($1.37 billion) from the Length-of-Service Guarantee Fund (FGTS) to benefit approximately 10 million workers, according to reports from O Globo on Thursday. This measure is part of a larger economic package currently being developed by the government's economic team to help citizens manage and reduce household debt.
