Brazil: Brazil Raises Agriculture Credit Budget by 20 Percent

  |   Attaché Report (GAIN)

On June 2, President Rousseff and Agriculture Minister Katia Abreu announced the 2015/16 Agricultural and Livestock Plan. During a ceremony at the Presidential Palace, the Brazilian Government (GOB) authorized R$187.7 billion (US$60 billion) for the period 2015/16. The amount is 20% higher compared to last year. Considering that Brazil is going through an economic turmoil and most government agencies are facing budget cuts, the increase came as a surprise and it showed the importance of the agricultural sector for the Brazilian economy.

Brazil: Brazil Raises Agriculture Credit Budget by 20 Percent

Western Hemisphere, Brazil

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