By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Faced with dwindling revenues, Brazil’s federal government decided to raise fuel taxes. The government’s objective is to raise R$10.4 billion with the additional levy and meet the primary deficit fiscal target of R$139 billion this year.
"This [decision] was due to the decline in revenues and due to the recession and the bad results,” Brazil’s Finance Minister, Henrique Meirelles, told reporters justifying the . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here