Brazil

In February, Brazil’s new president Dilma Rousseff announced a surprise 23% cut to the version of the Ministry of Science and Technology’s 2011 budget that had been approved by Congress, reducing it from BRL $8.1 billion ($4.9 billion) to BRL $6.3 billion. The amount is an 18% decrease from last year’s budget. After the cuts were announced, Brazil’s science and technology minister said that loans from the Brazilian Development Bank could “soften” the cuts’ impact.

Source: Scidev.net

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