Brazil's government on Thursday detailed spending cuts aimed at achieving more than 70 billion reais ($11.8 billion) in savings over the next two years to support its new fiscal framework, but investors remained anxious, roiling financial markets.

tag:reuters.com,2024:binary_RC2WDBA9IMND-BASEIMAGE

Reuters

United Kingdom

Brazil's income tax exemption plan sends currency to fresh lows

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Woodbridge Company

Among the measures are changes in the minimum wage adjustment parameters. The government also announced tax exemption for those who receive up to R$ 5 thousand. The government today details the tax package measures that were announced on Tuesday night by Finance Minister Fernando Haddad. These include the minimum retirement age for military personnel and changes in the minimum wage adjustment parameters. The package will have an impact of R$ 70 …

Entre as medidas estão mudanças nos parâmetros de reajuste do salário mínimo. O governo também anunciou a isenção de IR para quem recebe até R$ 5 mil O governo detalha hoje as medidas do pacote fiscal que foram anunciadas na noite de terça-feira pelo ministro da Fazenda, Fernando Haddad.  Entre elas estão idade mínima para aposentadoria dos militares e mudanças nos parâmetros de reajuste do salário mínimo. O pacote terá impacto de R$ 70 bilhões …

Lula 'ouviu até ficar rouco' durante dois meses de debates sobre pacote fiscal, diz Haddad

Globo

Roberto Irineu Marinho

Brazil

Lula 'listened until he was husky' during two months of debates over the tax package, Haddad says

President Luiz Inácio Lula da Silva praised the new cost-containment measures presented by Finance Minister Fernando Haddad, considering them “extraordinary”. Lula emphasized the relevance of following the tax framework and addressed the exemption from Income Tax for those who receive up to R$ 5 thousand a month, stressing that this action aims to protect low-income citizens. In the package of measures, the proposal for a minimum tax of 10% was …

O presidente Luiz Inácio Lula da Silva elogiou as novas medidas de contenção de despesas apresentadas pelo ministro da Fazenda, Fernando Haddad, considerando-as “extraordinárias”. Lula enfatizou a relevância de seguir o arcabouço fiscal e abordou a isenção do Imposto de Renda para aqueles que recebem até R$ 5 mil mensais, ressaltando que essa ação tem como objetivo proteger os cidadãos de baixa renda. No pacote de medidas, também foi introduzida…

Lula elogia medidas fiscais e isenção de imposto de renda para quem recebe até R$ 5 mil – Jovem Pan

Jovem Pan News

Lula praises tax measures and income tax exemption for those who receive up to R$ 5 thousand

The Finance Minister, Fernando Haddad, announced this Wednesday, the 27th, the measures of the public spending cut package, including some changes in military pension provision. According to Haddad, the changes will promote “more equality “: “For military pensions, we will promote more equality, with the institution of a minimum age for the reserve and the... The post The new rules for the military in Haddad's cost-cutting package appeared first…

O ministro da Fazenda, Fernando Haddad, anunciou nesta quarta-feira, 27, as medidas do pacote de corte de gastos públicos, entre elas algumas alterações na previdência dos militares. Segundo Haddad, as mudanças promoverão “mais igualdade“: “Para as aposentadorias militares, nós vamos promover mais igualdade, com a instituição de uma idade mínima para a reserva e a... The post As novas regras para militares no pacote de corte de gastos de Haddad …

As novas regras para militares no pacote de corte de gastos de Haddad

O Antagonista

São Paulo

State of São Paulo

The new rules for the military in Haddad's spending cut package

US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.

U.S. News

Mortimer Zuckerman

New York

United States

Brazil Proposes Income Tax Reform, Frustrating Investors Focused on Spending Cuts

The real fell to 1.6% on Friday, the result of the distrust generated among investors by the program presented by Lula Da Silva’s government to cut state spending. Read more

El real cayó hasta un 1,6% el viernes, producto de la desconfianza que generó entre los inversores el programa presentado por el gobierno de Lula Da Silva para recortar el gasto estatal. Leer más

Los mercados de Brasil cierran su peor semana en dos años por el plan de gasto

Perfil

Buenos Aires

Argentina

Brazil’s markets close their worst week in two years because of the spending plan

With the promise of saving R$ 70 billion over the next two years, Finance Minister Fernando Haddad announced on Wednesday evening (27) the outlines of the mandatory spending cut package that will be detailed this Thursday (28). The minister announced changes to the wage allowance, to the military's social security, to the parliamentary amendments and indicated that the minimum wage adjustment rules may change. Haddad also announced the reinforce…

Com a promessa de economizar R$ 70 bilhões nos próximos dois anos, o ministro da Fazenda, Fernando Haddad, anunciou na noite desta quarta-feira (27) as linhas gerais do pacote de corte de gastos obrigatórios que será detalhado nesta quinta-feira (28). O ministro anunciou mudanças no abono salarial, na previdência dos militares, nas emendas parlamentares e indicou que as regras de reajuste do salário mínimo poderão mudar. Haddad também anunciou o…

Governo prevê economia de R$ 70 bilhões em dois anos com pacote fiscal

Quadra

Government expects savings of R$ 70 billion in two years with tax package

The Finance Minister emphasized the 'contribution' of the Armed Forces when detailing the federal government's spending cut; the sector was the only sector to receive nominal thanks from Haddad

O ministro da Fazenda enfatizou 'contribuição' das Forças Armadas ao detalhar o corte de gastos promovido pelo governo federal; setor foi o único a receber agradecimento nominal de Haddad

O aceno de Haddad a militares durante o anúncio do ajuste fiscal

CartaCapital

Haddad's nod to the military during the announcement of the fiscal adjustment

One of the cost-containment measures that the government of President Luiz Inácio Lula da Silva (PT) will propose is to change the way in which the amount of the FCDF (Constitutional Fund of the Federal District) is being corrected. Since 2003, when it began receiving funds from the federal government, the fund has been adjusted annually according to the increase in federal tax revenues. Based on the proposal that will be presented, if the idea …

Uma das medidas de contenção de despesas que o governo do presidente Luiz Inácio Lula da Silva (PT) vai propor é mudar a forma de correção do valor do FCDF (Fundo Constitucional do Distrito Federal). Desde 2o03, quando começou a receber recursos do governo federal, o fundo é corrigido anualmente de acordo com o aumento das receitas de impostos da União. A partir da proposta que será apresentada, se a ideia for aprovada pelo Congresso, a correção…

Fundo de Brasília deve ter correção menor com pacote de Haddad

Poder360

Brasilia Fund should have a minor correction with Haddad's package

Brazil’s Finance Minister Fernando Haddad unveiled a fiscal package aimed at saving R$70 billion ($12 billion) over two years. The announcement came on Wednesday evening, November 27, 2024. Haddad’s plan seeks to address the country’s economic challenges while appeasing various political factions. The package includes several key measures. Military personnel will face a minimum age […]

Brazil's income tax exemption plan sends currency to fresh lows

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics