Bolsonaro’s Plan to Curb Inflation Reaches Brazil Congress
- President seeks to lower or scrap taxes on fuel, other items
- Governors complain of large revenue loss if measures approved
Fuel prices have been one of the main drivers of inflation in Brazil, which is running close to 12% a year
Photographer: Andre Borges/BloombergThis article is for subscribers only.
Brazilian lawmakers are debating three proposals to lower the price of fuel and other items, President Jair Bolsonaro’s latest attempt to curb inflation that’s eroding his popularity less than four months before October’s election.
The proposals reached the senate Wednesday and are expected to go to a vote next Monday as the government wants them approved before congress starts its mid-year break in July.