Government Reduces Budget of ‘My House, My Life’ (‘Minha Casa, Minha Vida’) Programme
The Brazilian finance and planning ministers, Guido Mantega and Miriam Belchoir recently announced that the budget for part two of the up and coming ‘My House, My Life’ (‘Minha Casa, Minha Vida’) programme will be reduced by R$ 5.1 billion. As part of a range public spending cuts (estimated at over R$ 50 billion) stated as Dilma Rousseff entered into power, this proposal is likely to exacerbate the already existing bottlenecks that have been stifling the programme’s effective growth in recent times.
