Brazil: 2022 Budget Will Likely Lead to Increased Spending and Public Sector Debt

Brazilian President Jair Bolsonaro signed the country's 2022 budget into law, and it includes 4.9 billion reais ($898 million) toward political campaigns, 1.7 billion reais ($310 million) toward raising the wages of government workers and 89.1 billion reais ($16.3 billion) toward the cash transfer program Auxilio Brasil, Brazil's Chamber of Deputies announced Jan. 24....