Brazil Finance Minister Signals Further Tax Benefit Cuts in Potential Lula 4th Term

Finance Minister Dario Durigan proposed a new round of linear reductions to unconstitutional tax benefits, following a prior 10% cut, as part of fiscal consolidation efforts. The statement, made at an Esfera Brasil event, signals continued fiscal tightening if President Lula secures a fourth term. Uncertainty remains over the scope and timing of any new reduction, as well as political feasibility.