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SAO PAULO/BRASILIA, July 14 (Reuters) - Brazil is hoping to raise 100 billion reais ($19.64 billion) with a much-awaited income tax reform proposal, Economy Minister Paulo Guedes said on Wednesday, as the government sharply raised its economic growth forecast for 2021.
Brazil’s economy ministry on Wednesday said gross domestic product in Latin America’s largest economy should grow 5.3% this year, up from its previous forecast of 3.5%. It also raised its 2021 inflation expectations to 5.90% from a previous forecast of 5.05%.
Still, the central bank, which operates independently of the ministry, said earlier on Wednesday that Brazil’s economy had shrunk in May, surprising economists who had expected it to grow.
2 Min Read
SAO PAULO/BRASILIA, July 14 (Reuters) - Brazil is hoping to raise 100 billion reais ($19.64 billion) with a much-awaited income tax reform proposal, Economy Minister Paulo Guedes said on Wednesday, as the government sharply raised its economic growth forecast for 2021.
Brazil’s economy ministry on Wednesday said gross domestic product in Latin America’s largest economy should grow 5.3% this year, up from its previous forecast of 3.5%. It also raised its 2021 inflation expectations to 5.90% from a previous forecast of 5.05%.
Still, the central bank, which operates independently of the ministry, said earlier on Wednesday that Brazil’s economy had shrunk in May, surprising economists who had expected it to grow.
Brazil lifts growth forecast, hopes to raise $20 billion with tax reforms msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Brazil Court okays search warrants against Environment Minister in logging probe Reuters 5 hrs ago
BRASILIA, May 19 (Reuters) - Brazil s Supreme Court has authorized a police search warrant against Environment Minister Ricardo Salles in a wood smuggling probe, also allowing investigators to access his bank and tax records, according to the text of the ruling seen by Reuters.
The Supreme Court also ruled that nine environment officials would be temporarily removed from their jobs, including the head of the Ibama environmental enforcement agency, Eduardo Bim. Bim and Salles did not immediately respond to requests for comment. (Reporting by Ricardo Brito Editing by Chizu Nomiyama)
By Reuters Staff
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BRASILIA, Jan 26 (Reuters) - Brazil on Tuesday barred entry for visitors from South Africa to stop the spread of a new coronavirus variant from the country, according to the federal government’s gazette.
The barring of South African visitors is in addition to a pre-existing prohibition on entry for people coming from Britain, which has also seen a new variant. Brazil, home to the world’s second deadliest coronavirus pandemic, also has its own new variant from the north of the country, which researchers believe is more transmissible.
“International flights to Brazil originating in or passing through the United Kingdom of Great Britain and Northern Ireland, and the Republic of South Africa are prohibited on a temporary basis,” the gazette said.