Industry support measures spread fear about use of public funds 01/24/2024 José Luis Gordon — Foto: Leo Pinheiro/Valor Although the government’s new industrial policy launched on Monday (22) has raised concerns among economists about the use of public funds to back investments, most part of the amounts were already included in the Brazilian Development Bank’s […]
Brazil’s tax authority cites atypical factors, believes annual result was positive 01/24/2024 Robinson Barreirinhas — Foto: EDU ANDRADE/Ascom/MPO Federal revenues ended 2023 virtually stable compared to 2022, with a real decrease of 0.1%, totaling R$2.3 trillion (at current prices). Brazil’s Federal Revenue Service estimates that the result was “quite positive” despite atypical factors that affected […]
Under criticism for resuming old practices, Brazil’s government proposes to modernize sector but lack of clarity worries 23/01/2024 President Lula, Vice President Geraldo Alckmin, and Ministers Esther Dweck and Rui Costa — Foto: Brenno Carvalho/Agência O Globo The government’s new industrial policy, announced on Monday (22), envisages approximately R$300 billion in contributions by 2026 through […]