Brazil President Jair Bolsonaro said that the country will seek authorisation for a state of emergency to allow it to scrap fiscal targets and free up funds to combat the coronavirus crisis.
The government is planning for implementing a state of emergency until December 31. Earlier, President Jair Bolsonaro announced his second COVID-19 test was negative. Brazil reported the country's first confirmed death from the outbreak on Tuesday.
"In view of the permanent monitoring of the COVID-19 pandemic, the need to increase public spending to protect the health and jobs of Brazilians and the prospect of falling revenues, the Federal Government will request the National Congress to recognize the state of emergency," the statement from the president's office said.