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Tebet says there was a failure to communicate the package and that it was against announcing exemption from IR

Summary by Globo
Minister said that the announcement about the tax exemption for those who earn up to R$ 5 thousand was “a political decision” and that the adjustment “will more than absorb the impact” of this measure, which “only comes in 2026"
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The Planning Minister, Simone Tebet, acknowledged that there was a communication failure related to the fiscal adjustment package. In her statements, at a press conference after Febraban's lunch, she commented: “The adjustment will be more than R$ 70 billion in two years. Next year alone, we will have R$ 30 billion in adjustment and another R$ 20 billion, R$ 25 billion of fine comb in programs such as BPC/Loas.” Tebet also expressed his oppositi…

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Minister said that the announcement about the tax exemption for those who earn up to R$ 5 thousand was “a political decision” and that the adjustment “will more than absorb the impact” of this measure, which “only comes in 2026"

·Brazil
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The Finance Minister, Fernando Haddad, announced this Wednesday (27) a fiscal adjustment package that foresees savings of R$ 70 billion over the next two years. In parallel, the government took the opportunity to announce the exemption from Income Tax (IR) for those who receive up to R$ 5 thousand, one of President Lula's main campaign proposals. In an interview with the WW, experts assess that the announcement of a tax waiver measure goes again…

·Brazil
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CNN Brasil broke the news in Brazil on Thursday, November 28, 2024.
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