Tag: Carlos Alberto Barreto

• Thursday, May 1st 2014 - 07:33 UTC

  Brazil raises taxes on beer and sodas; primary surplus slightly down in March

  

  The Brazilian government will raise taxes on beers, sodas and other beverages in a move that will raise an extra 1.5 billion Reais (674 million dollars) in revenue to help meet the fiscal savings goal. Earlier this month, the government had already announced a tax hike on beer to bolster fiscal accounts that have been hit hard over the last three years by rising subsidies, higher spending and an economic slowdown.