• Categories
  • Archives

After Cuts Brazil’s Agrarian Reform Gets More Money

Brazil’s Ministry of Agrarian Development (MDA) will receive another US$ 154 million (400 million reais) to carry out agrarian reform. The executive secretary of the Ministry, Guilherme Cassel, affirms that the recomposition of the budget will allow another 35 thousand families to be settled by September of this year.

“With the additional funds allocated by the government, we will be able to settle a total of around 80 thousand families,” the secretary declared.

According to Cassel, more money will be made available in the second half of the year for agrarian reform. The Ministry’s goal is to settle 115 thousand families in 2005 and 400 thousand by the end of Lula’s mandate.

In February the government announced that some federal expenditures would be placed on a contingency basis, and the budget of the MDA was cut from US$ 1.4 billion (3.7 billion reais) to US$ 1 billion (2.7 billion reais).

The decision to allot more resources to the Ministry was made after meetings held this week between the Minister of Agrarian Development, Miguel Rossetto, President Luiz Inácio Lula da Silva, and the government’s economic team.

At these meetings they also discussed restructuring loans to settlers. The periods should be longer, and there will be two more types of production credit.

“In the second half of the year we plan to introduce a new form of production credit, with a guaranteed market for what is produced, subsidized interest rates, and longer payment periods.”

Agência Brasil


  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Brazil Producing Only 20% of AIDS Drugs It Needs

France’s Minister of Health and Social Protection, Philipe Douste-Blazy, along with a delegation of ...

Sorry, Brazil’s Carnaval Is Not a Free for All, All Out Orgy

It’s Carnaval in Rio and I am honestly not that excited about it. I ...

Brazil Becomes World’s 9th Country Able to Enrich Uranium

Brazil’s first uranium enrichment factory is ready to be inaugurated. It is located in ...

Protests against Bush in São Paulo

Anti-Bush Protest in Brazil Turns into War Against Police

A popular protest against the visit of American president George W. Bush to Brazil ...

Blacks Are Not a Minority in Brazil, Says Minister

Brazil’s head of the Special Secretariat for Policies to Promote Racial Equality (Seppir), Minister ...

Brazil’s Lula in Cuba: End of Paredón

Brazilian President Lula and Cuban Fidel Castro have much to talk about and they ...

Brazil and Argentina Go to War on the Soccer Field

Following three weeks of intense quarterfinal matchups, the 2004 Copa Sudamericana enters its semifinal ...

New Signs of Brazilian Industry’s Contraction

Industrial production in Brazil dropped 2% in September, compared with August. In comparison with ...

Brazilian Music Gets Heard at Berlin’s Popkomm

The city of Rio de Janeiro, in Southeast Brazil, is amongst the representatives of ...

Uniting Brazilians and Arabs Through Film

The Brazilian Ministry of Foreign Relations wishes to organize a cinema exhibit in parallel ...