Economists back budget cut, warn credit may suffer under new tax hike
While the R$31.4 billion budget freeze boosts fiscal credibility, experts say the higher financial transaction tax could deter credit and long-term savings 05/23/2025 Most economists welcomed the government’s decision to freeze R$31.4 billion in expenditures. Still, they expressed concern that the increase in the IOF—Brazil’s Tax on Financial Transactions—could have negative effects […]
