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Brazilian Minister of Planning and Budget Moretti: We are proposing a comprehensive reduction in tax benefits in the finance bill. Additionally, if there is a situation where it is necessary to freeze expenses, the option of limiting tax credits used for tax deductions can be initiated. This provides flexibility for public account managers without the need for austerity fiscal adjustments. The bill also proposes to limit part of the spending, which amounts to around R$10 billion to R$11 billion.
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Brazilian Minister of Planning and Budget Moretti: We are proposing a comprehensive reduction in tax benefits in the finance bill. Additionally, if there is a situation where it is necessary to freeze expenses, the option of limiting tax credits used for tax deductions can be initiated. This provides flexibility for public account managers without the need for austerity fiscal adjustments. The bill also proposes to limit part of the spending, which amounts to around R$10 billion to R$11 billion.
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