Lula Government Promises Savings of $55 Billion by 2030 with Spending Containment
On Thursday (28), the Lula administration announced details of its spending containment package aimed at balancing public accounts. The measures are expected to save R$ 71.9 billion [$12 billion] in ...
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 ...
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 ...
Lula Agrees to Cut Spending by $12 Billion in Nod to Markets
Brazil Finance Minister Fernando Haddad has unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public ...
Brazil's Haddad Says Income Tax Reform to Be Neutral, Take Effect in 2026
BRASILIA (Reuters) - Brazilian Finance Minister Fernando Haddad said on Thursday that a reform proposed by the government to ...
Brazil’s financial markets experience volatility amid tax exemption speculations
On Wednesday, November 27, 2024, Brazil’s financial markets experienced significant volatility, marked by a sharp decline in ...
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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 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 ...