Brazil court rules against president on government accounting practices

The Brazilian government says it would challenge Wednesday’s ruling in the Supreme Court.

As if that weren’t sufficient for one week, Rousseff was additionally humiliated in Congress, twice failing to collect sufficient lawmakers to have the ability to vote on sustaining her vetoes on necessary legal guidelines – political battles underlining her ebbing management.

A demonstrator shouts slogans with a bullhorn in front of the giant…

The Brazilian Federal Accounts Court (TCU), an audit court which reports to the country’s Congress, has ruled that President Dilma Rousseff’s government broke the law in managing last year’s budget by illegally borrowing money from state banks to disguise a widening fiscal deficit. “The accounts are not in a condition where they can be approved”.

In a last-ditch bid to win time, the government asked the Supreme Court to delay Wednesday’s ruling, but the top court denied the injunction.

President Dilma Rousseff claims to detect a glimmer on the finish of the tunnel in Brazil’s political disaster, however what she actually could also be seeing, analysts say, are the headlights of an oncoming practice.

“This establishes that they doctored fiscal accounts, which is an administrative crime and President Rousseff should face an impeachment vote”, said opposition leader Carlos Sampaio, according to Reuters. The rejection of the legality of the government accounts was the first such ruling since 1937, when the previous year’s accounts were thrown out, officials said. Rubens Bueno, a congressman from the PPS party agreed.

The electoral courtroom’s probe into Rousseff’s marketing campaign funds might in a worst case state of affairs finish in annulment of her 2014 re-election victory.

The electoral court announced late Tuesday that it would determine whether Rousseff and Vice President Michel Temer, who were in office during the re-election campaign, had abused their power.

David Fleischer, a political science professor at University of Brasilia, stated Rousseff has “destroyed her parliamentary base” and will discover her few remaining associates in a weak ruling coalition melting away when it got here to impeachment votes.

Neither party relishes the idea of taking over a government in crisis or having to implement unpopular austerity measures that economists say are needed to restore public finances so shaky that ratings agency Standard & Poor’s last month downgraded Brazil’s debt to junk status. Rousseff served as chairwoman of the board of Petroleo Brasileiro SA, as Petrobras is formally known, from 2003 to 2010 when much of the alleged graft took place. If the court finds serious irregularities in the handling of campaign funds it could invalidate [BBC report] her most recent election, but experts believe a new election is unlikely because of the amount of time it would require to investigate. On Wednesday he said he had no intention of resigning.