welfare aid

The data shows that more consumers are facing difficulties settling debts amid expanding access to the financial system, on the back of a fintech boom and the digital payment welfare aid during the pandemic which increased the number of users.

Henrique Meirelles, a former central bank president and finance minister who was the most outspoken advocate for creating the spending cap, has also backed da Silva’s effort to secure permission for additional expenses to cover continued welfare aid.

The government has also allocated 2.5 billion ringgit in welfare aid in its 2023 budget, he said.

Last year, church leaders told the Deseret News, a church-owned newspaper, that the church had doubled its humanitarian spending from 2016 and now gave “nearly $1 billion in combined humanitarian and welfare aid.”

According to the source with direct knowledge of the matter, who spoke anonymously because the plans are not public, the government hopes a new tax on corporate dividends would provide revenue for welfare aid promised by Bolsonaro, who is trailing leftist Luiz Inacio Lula da Silva in the polls.