COLLOR PLAN

Aside from the liquidity squeeze and creation of the cruzeiro, the Collor plan as approved and modified by Congress provides for these changes (among others) in Brazil's government and the economy: The sale of ministerial mansions, with proceeds to go to public housing construction, and the sale of government employee housing in the capital of Bras'ilia.

The streamlining of government agencies and ministries.

The closure or privatization of some state-owned companies.

The decrease of public funds going to private pension funds.

A wage policy that presets cost-of-living increases, allows a quarterly adjustment for lost purchasing power, guarantees a real increase in the minimum wage, and sets up special credit lines for payrolls.

New import tariffs to help open the economy to foreign trade.

Conduct codes for public employees and penalties for those who abet tax evasion.

Increased taxes on financial and agricultural gains.

The end of many corporate tax breaks.

Speeded-up federal tax collection.

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