Report reveals decrease in housing fund in Brazil |  News

The International Union of Construction and Wood Workers (ICM) revealed this Wednesday in a report that during the government of Jair Bolsonaro, Brazil has reduced its investment for the construction of houses by more than 2,000 million dollars.


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“The federal government has drastically reduced the resources allocated to the construction of houses (…) With the new Program, the government went from an annual average of 11.3 billion reais (2,034 million dollars) between 2009 and 2019 to barely 27 million reais in investment (4,860,000 dollars, USD), until August 2021 ”, the report underlined.

It is worth bearing in mind that by 2019 the housing deficit of the Latin American country was just under 6 million homes, a figure that represents close to eight percent of all homes in the country.

The International Union also highlights a drastic reduction in investment, where the Casa Verde Amarela Program is one of the most affected, ceasing to produce more than 300,000 jobs.

Similarly, the document indicates that the reduction in the amount of investment in the sector prevented wages from increasing by a total figure of about 6 billion reais (just over $ 1 billion).

Faced with this situation, the ICM has informed through the report the development of a plan in Brasilia to resume the program in the next federal budget.

It is worth noting with respect to the Brazilian housing fund that, a few days ago, a report from the National Zero Eviction Campaign found that 23,000 families were evicted at the beginning of the Covid-19 pandemic and more than 120,000 run the risk of having the same fate .

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