Brazil's government is working on additional revenue
measures to be announced in the second half of this year, said
Revenue Chief Robinson Barreirinhas on Monday, highlighting
confidence that this set of actions will improve public
accounts.
Speaking at a news conference on the 2024 budget bill, Barreirinhas stated that the measures would be additional to those already announced by Finance Minister Fernando Haddad and that "strategic issues" are involved in the timing of their disclosure.
Barreirinhas stated that there are "very solid and
consistent" studies regarding the potential to boost annual
revenue by 155 billion reais ($31.4 billion) as a result of
these combined efforts, adding the revenue service is
"comfortable" with meeting the revenue targets set by the
minister.
Without elaborating, he said these new measures would
align with the principle advocated by the administration of
Brazil's new leftist President Luiz Inacio Lula da Silva, of not
creating or increasing taxes but instead focusing on collecting
from those who should be paying.
The revenue increase is a crucial pillar of the
new fiscal framework presented by the government to provide a sustainable path for public debt. The submission of the new rules to Congress has not yet been made and is expected this week.
Earlier this month, Haddad
announced
that the government would crack down on Asian e-commerce
giants and online sports betting and curb some company tax
benefits to raise more than 100 billion reais.
($1 = 4.9435 reais)
(Reporting by Marcela Ayres; Editing by Andrea Ricci)
