Rousseff Program to Raise 2.5 Million Brazilians Out of Poverty

Brazilian President Dilma Rousseff today announced expansion of a program that she said will bring an additional 2.5 million people out of extreme poverty. The changes will cost 773 million reais ($396 million) this year.

Under the program, families with monthly incomes of less than 70 reais per capita will receive a cash payment that will bring them to that level. Under the old rules, only families with children under 15 were eligible for the payments.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: Andre Soliani at asoliani@bloomberg.net

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