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  • UPDATE 1-Brazil economy minister Guedes agrees with Supreme Court debt proposal
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    UPDATE 1-Brazil economy minister Guedes agrees with Supreme Court debt proposal

    September 3, 2021

    (Adds details of court-awarded debt payments, comments by Guedes on letter by business leaders) SAO PAULO, Aug 30 (Reuters) – Brazil Economy Minister Paulo Guedes said on Monday he agrees with the solution proposed by the president of the Supreme Court, Luiz Fux, for payment of court-awarded debt owed by the government. The Supreme Court proposed last week that instead of paying the debt in installments, the government make sure the volume of payments does not exceed the budget spending ceiling. The proposal would reduce by around 50 billion reais ($9.6 billion) the total amount the government would have to pay next year. Instead of 89 billion reais, the government…

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