Zema proposes a 1,000-real savings account for every newborn, funded by fighting corruption
Translated from Portuguese and summarized by DistantNews. Read the original for the full story.
At a glance
- Brazilian presidential candidate Romeu Zema has proposed a 1,000-real savings account for every child born in Brazil, at an estimated annual cost of 2.5 billion reais for the federal government.
- Zema said the plan would encourage families to build financial reserves and could be funded by recovering money lost to corruption.
- He also criticized Supreme Court Justice Alexandre de Moraes and contrasted his Novo party with Flรกvio Bolsonaroโs Liberal Party.
Romeu Zema wants every child born in Brazil to start life with a 1,000-real savings account. The presidential candidate says the measure would cost the federal government about 2.5 billion reais a year and would encourage Brazilians to build financial reserves.
If we clean up one percent of corruption, that is already enough to do this.
Asked where the money would come from, Zema pointed to his campaignโs anti-corruption agenda. โIf we clean up one percent of corruption, that is already enough to do this,โ he said in an excerpt from an interview with Record television. He did not specify a particular funding source or explain how the contribution would fit into the federal budget.
Zema said most Brazilians do not have a savings habit. โMost Brazilians do not have any kind of savings, and sometimes it is the opposite, unfortunately, they have debts,โ he said.
Most Brazilians do not have any kind of savings, and sometimes it is the opposite, unfortunately, they have debts.
Under the proposal, the money would remain invested over the years in assets linked to company shares. Beneficiaries would be able to follow the growth of the funds, which Zema described as โfinancial learning in practice.โ
Financial learning in practice.
In the same interview, Zema dismissed the importance of opinion polls and criticized Alexandre de Moraes. โIt is grounds for imprisonment. It is not grounds only for impeachment,โ he said. He also sought to distinguish himself from Flรกvio Bolsonaro, saying: โIn Novo there are only people with clean records; in the PL, there are not.โ
It is grounds for imprisonment. It is not grounds only for impeachment.
Originally published by Estadรฃo in Portuguese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.