Bolsonaro’s attempt to stimulate the economy would cost Brazil US$20 billion

Analysts warn that the tax breaks the president has been implementing to combat inflation will further complicate the picture in 2023.

RIO DE JANEIRO, BRAZIL - Tax cuts are likely to cost Brazil more than R$110 billion (US$22 billion) in tax revenue this year as part of President Jair Bolsonaro's attempt to ease inflation and stimulate the economy in an election year, despite warnings from economists.

The estimated revenue loss, calculated . . .

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