Brazil Weighs Fuel Tax Cut to Slow Inflation, Augustin Says
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Brazil is considering cuts to a fuel tax as inflation exceeds the government’s target range for the first time in six years, Treasury Secretary Arno Augustin said.
“The government has tools to control fuel prices and avoid a negative impact,” Augustin said in an interview today in Brasilia, citing a tax known in Brazil as Cide. “Whatever the international scenario we have ways to avoid damaging the Brazilian economy. We have Cide and we can use it.”