• 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

Tags:

  • 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Your email address will not be published.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.

Ads

You May Also Like

All I Need to Know About Life I Learn From My Old Brazilian Friend Pedrinho

“Hey! Hook-ass! Ya gonna buy me a beer?” Nothing like a funny old Brazilian ...

LETTERS

There are between 16.5 million and 30 million Brazilians working in the informal economy, ...

Brazil’s USP Is Latin America’s Top University in Number of Research Papers

The University of São Paulo in Brazil and the National Autonomous University of Mexico ...

Reasons of October

Lula came to power because the Brazilian Right lost its capacity to deceive the ...

Lula Accused of Following on Chavez’s Steps in Dealing with Brazilian Press

Brazilian president Luiz Inácio Lula da Silva’s comments on freedom of the press are ...

Brazil’s Goal: Getting from Wind 10% of All Its Energy in a Decade

Nowadays, nearly 70% of the energy generated in Brazil comes from large hydroelectric plants. ...

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 ...

Brazil: Bureaucracy Is Killing Latin American Trade

A cargo that could reach the Pacific in four days can take as many ...

Brazilians Living on Stilt Houses First in Line for House Loans

One of the priorities of Brazil’s National Social Interest Housing Fund (FNHIS), which this ...