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24.01.24 12:56

Economy

Lula approved Brazil's 2024 annual budget law

The government will allocate more than $600 billion for the execution of public policies

Financial resources have been allocated to public policies on health, education and the Bolsa Família programme, totalling more than $600 billion (about $121 billion).

The minimum wage will be $1,412 (US$282), a three per cent increase over last year's level. This is reported by Prensa Latina, a partner of TV BRICS.

Education spending of 208 billion reais ($41 billion) and health spending of 231 billion reais ($46 million) are also planned.

During the approval ceremony of the 2024 budget, Brazil's Minister of Planning and Budget, Simone Tebet, confirmed that this is one of the most democratic budgets ever adopted in Brazil. The Minister explained that this result was achieved due to the joint effort of the Brazilian people determining their preferences for the next four years through discussions and voting on priority programmes.

Photo: IStock

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Nitin Gadkari

India's Union Minister for Road Transport and Highways

"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport"

Prabowo Subianto

President of Indonesia

"This roadmap sets the framework for our joint efforts. Indonesia and Belarus have great potential for expanding cooperation in various fields. Our cooperation will focus on industrial development and agricultural modernisation. In industry, we see a major opportunity to increase trade volumes, investment, and cooperation between our two countries. We are also pushing for closer collaboration in culture and human resource development"

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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Lula approved Brazil's 2024 annual budget law

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