Brazil May Offer Credit Lines to Ease Impact of Tax, Labor Reforms, Minister Says
The credit lines would fund training, innovation and productivity as companies adjust to a shorter workweek and a consumer tax reform, Durigan said.
- On Friday, Brazil Finance Minister Dario Durigan announced the government may provide specific credit lines for companies affected by a consumer tax reform and the end of the six-day work schedule, which take effect next year.
- Brazil's Senate approved a constitutional amendment reducing the workweek from six days to five two days prior, with the new rule taking effect after a 14-month transition while a consumer tax reform approved in 2023 also takes effect in 2027.
- Durigan described the reform's impact as "minor," stating the proposed credit lines aim to boost training, innovation, and productivity. "Business owners need government support to be part of this new era," Durigan said.
- These support measures coincide with a tight presidential race where Brazilian President Luiz Inacio Lula da Silva faces Senator Flavio Bolsonaro in an October 25 runoff election.
- Durigan identified Brazil's high interest rates as a problem to be tackled if Lula wins a new term in the runoff, underscoring economic challenges beyond labor and tax reforms.
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Brazil may offer credit lines to ease impact of tax, labor reforms ...
Dario Durigan, Minister of the Farm Photo: Wenderson Araujo/Valor The Minister of the Farm, Dario Durigan, said on Friday (16) that the government plans to create specific credit lines and provide training programs to help companies adapt to the end of the 6x1 work scale. The proposal was approved yesterday by the Federal Senate and promulgated today in session of the National Congress. The government's goal, says the minister, will be to suppor…
Minister states that financing can support investments in training, innovation and productivity after approval of the PEC that ends the 6x1 day
The federal government can prepare a line of credit aimed at companies eventually affected by the end of the 6×1 scale of work, with the aim of promoting training, innovation and productivity in the country, said on Friday the Minister of the Farm, Dario Durigan. In an interview with TV Band, Durigan recognized that the new labor rule generates [...]
The minister also said the government will discuss with small entrepreneurs possible benefits and claims to mitigate the impacts of the end of 6x1
The Minister of the Farm, Dario Durigan, told TV Bandeirantes that the government of Luiz Inácio Lula da Silva (PT) plans to offer credit lines and training programs to help companies adapt to the end of the 6x1 work scale. Read more (10/16/2026
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