{"id":96,"date":"2024-06-13T23:31:50","date_gmt":"2024-06-13T20:31:50","guid":{"rendered":"https:\/\/elroyalecasinonodepositbonus.icu\/2024\/06\/13\/brazils-lottery-divestiture-a-sign-of-economic-reform-and-opportunity\/"},"modified":"2024-06-17T13:22:33","modified_gmt":"2024-06-17T10:22:33","slug":"brazils-lottery-divestiture-a-sign-of-economic-reform-and-opportunity","status":"publish","type":"post","link":"https:\/\/elroyalecasinonodepositbonus.icu\/2024\/06\/13\/brazils-lottery-divestiture-a-sign-of-economic-reform-and-opportunity\/","title":{"rendered":"Brazils Lottery Divestiture A Sign of Economic Reform and Opportunity"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/zY6zBLmU7-U\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Brazils administration aims to divest its national instant lottery, LOTEX, within a broader strategy to reduce its economic footprint and address its substantial budget shortfall. This action, one of several fiscal tightening measures, follows significant expenditures on events such as the Olympics and the FIFA World Cup, which placed considerable pressure on Brazil&#8217;s financial resources.<\/p>\n<p>The government anticipates that auctioning the lottery concession will infuse urgently required funds, projected at approximately 2 billion reais (roughly \u00a3482 million), into its treasury. Although discussions regarding the sale of LOTEX have been circulating for some time, it was only recently that President Michel Temer formally announced the plan.<\/p>\n<p>The sale is projected to yield double the minimum bid, with the revenue allocated towards reducing Brazil&#8217;s massive 159 billion reais deficit. Nevertheless, Finance Ministry Secretary Mansueto Almeida has clarified that despite the auction being scheduled for December, the funds will not be incorporated into the 2017 budget. &#8220;While it would be beneficial if the funds were received in 2017,&#8221; Almeida tweeted, &#8220;this income is not factored into the current year&#8217;s budget.&#8221; <\/p>\n<p>The holdup in the transaction speaks for itself.  It demonstrates that this is not merely about fiscal responsibility, but rather an indication of the shifting landscape in Brazil.  The citizenry desires a reduced governmental role in the economy, and this divestiture acknowledges that sentiment.<\/p>\n<p>For overseas investors who continue to perceive Brazil as a dormant powerhouse, this presents a remarkable opportunity. The successful bidder won&#8217;t simply be acquiring a business; they&#8217;ll be securing a stake in one of the limited legal avenues for wagering in a country exceeding 200 million inhabitants. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brazils administration aims to divest its national instant lottery, LOTEX, within a broader strategy to reduce its economic footprint and address its substantial budget shortfall. This action, one of several fiscal tightening measures, follows significant expenditures on events such as the Olympics and the FIFA World Cup, which placed considerable pressure on Brazil&#8217;s financial resources. 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