Brazilians are required to file income tax returns if they earned at least BRL 28,559.70 in taxable income or BRL 142,798.50 in gross income from rural activities.
Finance Minister Haddad said the GDP could close 2023 with slightly higher growth than the 3% projection published at the end of November by the Ministry of Finance. However, he said the result depends on the Central Bank continue to cut interest rates.
According to Haddad, this operation would enhance the security of Brazilian exporters who are concerned about possible defaults by Argentine companies.
Federal public debt securities, coupled with a low volume of redemptions last month, raised the outstanding debt by 2.38% to BRL 6.03 tri in April, up BRL 140.12 bi.
New fiscal rules should limit the rise in Brazil’s public spending to 70% of the growth in revenue seen in the 12 months prior, the Finance Ministry announced. The new system combines more flexible restraints with the country’s targeted primary balance.
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