Today, Brazil\u2019s lower house of Congress has been voting whether the current president, Dilma Rousseff, will have to move forward in the impeachment process against her. The claims made against her are that she had manipulated government accounts for political gains.<\/p>\n
<\/p>\n
In Brazil, the government needs to meet the specific budget surplus objective established by Congress. Dilma Rousseff is said to have approved of certain accounting techniques in which public banks loan to the treasury causing a fake budget surplus. This made the government\u2019s economic status look better than it actually was, misleading investors along with the general public.<\/p>\n
<\/p>\n
In order to successfully impeach Rousseff, the first step is to get a two-thirds majority vote from the lower house of Congress, which is 342 votes out of the 513 members. As of now, 300 votes out of the 500 have been cast with 224 voting to impeach Rousseff.<\/p>\n
<\/p>\n
It is interesting to see the major transformation in Rousseff\u2019s popularity, as three years ago she had an 80% approval rating according to one poll which is a stark contrast with the recent 11% of Brazilians who say her performance as president has been \u201cgood or excellent\u201d this February.<\/p>\n
<\/p>\n
Brazil is going through its worst recession in over three decades with 10.7% inflation, 9% unemployment, and its currency loosing a third of its value compared the the US dollar. Whether Dilma Rousseff had interfered with government accounts or not, Brazil\u2019s previous rapid economic growth has slowed and is continuing to do so. With the recent scandals that Brazilian politics and business have had, a suspicion of corruption is constantly looming in Brazilian affairs. Unfortunately, this may only worsen Brazil\u2019s economic state as mistrust of business practices can lower international business relations.<\/p>\n","protected":false},"excerpt":{"rendered":"
Today, Brazil\u2019s lower house of Congress has been voting whether the current president, Dilma Rousseff, will have to move forward in the impeachment process against her. The claims made against her are that she had manipulated government accounts for political gains. In Brazil, the government needs to meet the …<\/p>\n","protected":false},"author":2664,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-304","post","type-post","status-publish","format-standard","hentry","category-uncategorized","column","twocol"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.richmond.edu\/globalgovernance\/wp-json\/wp\/v2\/posts\/304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.richmond.edu\/globalgovernance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.richmond.edu\/globalgovernance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.richmond.edu\/globalgovernance\/wp-json\/wp\/v2\/users\/2664"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.richmond.edu\/globalgovernance\/wp-json\/wp\/v2\/comments?post=304"}],"version-history":[{"count":0,"href":"https:\/\/blog.richmond.edu\/globalgovernance\/wp-json\/wp\/v2\/posts\/304\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.richmond.edu\/globalgovernance\/wp-json\/wp\/v2\/media?parent=304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.richmond.edu\/globalgovernance\/wp-json\/wp\/v2\/categories?post=304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.richmond.edu\/globalgovernance\/wp-json\/wp\/v2\/tags?post=304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}