Tag: Brazil tax on gasoline

• Monday, July 24th 2017 - 08:50 UTC

  Brazil cuts spending and raises taxes, including on fuel, to try and balance the budget

  

  Brazil's government increased a spending freeze and raised taxes to cover a budget gap this year, reinforcing its commitment to fiscal discipline but dealing a potential blow to fragile economic growth. In a statement by the Finance and Planning Ministries, the government said it will freeze an additional 5.9 billion Reais (US$1.9 billion) in federal spending this year