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Gag Government Raised R$ 53.8 Billion with Icms in 2025; Refaz Placed High

Summary by Jornal Do Comércio
Growth in State revenue was obtained by renegotiating tax debts by the Refaz Reconstruction; without the programme, there would have been 3% real losses in tax
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Jornal do ComércioJornal do Comércio

Gag Government Raised R$ 53.8 Billion with Icms in 2025; Refaz Placed High

Growth in State revenue was obtained by renegotiating tax debts by the Refaz Reconstruction; without the programme, there would have been 3% real losses in tax

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Jornal do Comércio broke the news in on Thursday, January 8, 2026.
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