Brazil’s Real Hits All-Time Low as Budget Cuts Fall Flat
The Brazilian real dropped to a record low as the government’s proposed measures to cut $12 billion in spending underwhelmed ...
Brazil President Lula Cuts Spending by $12 Billion as Investor Concerns Soar
Brazil Finance Minister Fernando Haddad unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public ...
Brazil's Haddad seeks to soothe market concerns over income tax reform
Brazil's Finance Minister Fernando Haddad on Thursday sought to calm the market following a meltdown over the announcement of ...
Brazil proposes income tax reform, frustrating investors focused on spending cuts
Brazilian Finance Minister Fernando Haddad will make a televised address to the nation at 8:30 pm (2330 GMT) local time on ...
Brazil’s Lula Seeks Income Tax Exemptions Along With Public Spending Cuts
Brazil President Luiz Inacio Lula da Silva has tacked on an income-tax relief measure to a long-awaited plan to cut ...
Brazil's Haddad says income tax reform to be neutral, take effect in 2026
Brazilian Finance Minister Fernando Haddad said on Thursday that a reform proposed by the government to increase income tax ...
Lula's Government to Propose a Minimum Tax Rate of Up to 10% for Those Earning Over $8,300 per Month
Measure will include income tax exemption for earnings up to $835, effectively benefiting those earning up to $1,200 ...
Lula Agrees to Cut Spending by $12 Billion in Nod to Investors
Brazil Finance Minister Fernando Haddad has unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public ...
MNI18h
MNI BRIEF: Brazil Announces BRL70B In Spending Cuts
Brazilian Finance Minister Fernando Haddad on Wednesday announced BRL 70 billion of spending cuts over the next two years, the kind of move some investors expected to head off the risk of higher ...
eNCA15h
Brazil reins in public spending by $12bn for 2025/26
SAO PAULO - Brazil announced a downward adjustment of nearly $12-billion in public spending for 2025 and 2026, a measure ...
Brazil's currency hits record low on skepticism about fiscal measures
The Brazilian real slipped 1.8% on the news to 5.91 per U.S. dollar, its weakest close ever. Brazil's benchmark Bovespa stock ...