Breaking news and insights at nigerianewsservice.com
Brazil has announced a plan to exempt individuals earning up to 5,000 reais monthly from income tax, funded by taxing high earners and overseas profits. The proposal is intended to …
Brazil Implements Income Tax Exemption Plan to Boost Popularity of Lula Read More
Brazil’s Finance Minister Fernando Haddad announced a proposed increase in income tax exemption, anticipating a fiscal impact of 27 billion reais ($4.75 billion) annually. He assured that measures would be …
Brazil Finance Minister Predicts $4.75 Billion Fiscal Impact from Tax Exemption Read More
Brazil recorded a 3.4 percent GDP growth in 2024, driven by a 4.8 percent increase in household spending. Industries and services contributed positively, though agriculture declined by 3.2 percent. President …
Brazil Achieves 3.4 Percent Economic Growth in 2024 Read More
In January, Brazil’s gross debt-to-GDP ratio fell to 75.3%, below forecasts. The decline was driven by net debt redemptions and GDP growth, alongside a public sector primary surplus of 104.096 …
Brazil’s Gross Debt-to-GDP Ratio Declines Unexpectedly in January Read More
Brazil faces criticism for deforestation in the Amazon to build a highway for COP30, raising questions about its environmental commitments. The highway is intended to accommodate over 50,000 delegates, but …
Brazil Criticized for Amazon Deforestation Ahead of COP30 Climate Summit Read More
Brazil faces criticism over deforestation in the Amazon for a highway leading to the COP30 climate summit. Locals and conservationists express concerns that the road threatens livelihoods and wildlife. Although …
Brazil’s Deforestation Controversy: A Hypocrisy Ahead of COP30 Read More
Brazil’s consumer prices saw a 1.31% increase in February 2023, their highest surge in three years, raising annual inflation to 5.06%. This situation is pressuring President Lula to act as …
Brazilian Consumer Prices Surge, Pressure Mounts on President Lula Read More
In February, Brazil’s inflation reached 5.06%, exceeding the official target and prompting expected interest rate hikes from the central bank. Consumer prices rose significantly, driven by housing, education, and food …
Brazil’s Inflation Surges Above 5%, Prompting Central Bank Rate Hikes Read More
Brazil’s crop agency Conab plans to increase food stockpiles to combat rising inflation. Edegar Pretto highlighted the need to revise procurement rules to allow government purchases at lower prices. Recent …
Brazil’s Strategic Initiative to Boost Food Stocks Amid Rising Inflation Read More
Brazil’s government plans to enhance food stocks by acquiring 445,000 metric tons of rice, corn, and beans to address rising inflation. There has been a reduction in import tariffs on …
Brazil Implements Measures to Increase Food Stocks Amid Inflation Read More