28.12.2015 - Brazil Withdraw R$855 Million from Sovereign Wealth Fund to Boost Public Coffers
In order to strengthen the reserves of the National Treasury, the Brazilian government withdrew US $213 million (R$ 855 million) from the Sovereign Wealth Fund on Tuesday (22), a fund created with what was leftover from the tax collection of 2008 and which has been expended in the last few years. According to the Ministry of Finance, the bailout had been predicted since May, when the government divulged the second evaluation report of income and expenses, and refers to money that was invested in government bonds...............................................Full Article: Source
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