By Reuters
BRASILIA - Brazil’s government has spent 700 billion reais ($143 billion), more than any emerging country, in emergency crisis-fighting measures, Economy Minister Paulo Guedes said on Tuesday, adding that 10 million formal jobs have been saved.
Brazil's Economy Minister Paulo Guedes speaks during a press conference to announce economic measures due the coronavirus outbreak in Brasilia, Brazil March 16, 2020. (REUTERS/Adriano Machado/FILE PHOTO/MANILA BULLETIN)
Speaking at government cabinet meeting broadcast on TV, Guedes also said emergency aid for informal workers will be extended for two months, a period which will be used to prepare the country for a return to work with extra safety measures.