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Brazilian finance minister Haddad announces US$47.5 billion package for primary surplus in 2023

The Minister of Finance, Fernando Haddad, has just announced a R$242.7 (US$47.5) billion package of tax measures to make the government record a primary surplus in 2023.

The measures involve reversing tax breaks, changes in the Administrative Council of Tax Appeals (Carf), and a new special renegotiation of debts called the Zero Litigation Program.

According to the minister, the changes may make the Central Government (National Treasury, Social Security, and Central Bank) register a primary surplus of R$ 11.13 (US$2.1) billion in 2023, against a deficit forecast of R$ 231.55 billion established . . .

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