Bloomberg News

Brazil Prepares Measures on Delinquencies, Mantega Tells Folha

May 26, 2012

Brazil’s government will soon release measures to help reduce loan delinquency rates, Folha de S.Paulo and UOL said, citing a May 24 interview with Finance Minister Guido Mantega.

Consumers will be able to defer tax payments on debt renegotiated, instead of paying it all in one installment, Mantega said, according to the interview posted today. The measure will affect defaulted debts of as much as 100,000 reais ($50,317), he told the Sao Paulo-based newspaper and website.

Mantega expects Brazil to grow 3.5 percent to 4.5 percent if the international crisis doesn’t worsen, according to Folha and UOL.

To contact the reporter on this story: Francisco Marcelino in Sao Paulo at mdeoliveira@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier in New York at swier@bloomberg.net


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