Brazil's R$167B tax expenditure sunset: fiscal gap looms

Brazil is set to lose R$167 billion in tax expenditures (subsidies and exemptions) by end of year, part of a projected R$613 billion total by 2026. The 'disappearance' likely refers to the expiration of temporary tax benefits, creating a fiscal cliff that could impact government revenue and budget planning. The full details are behind a paywall, so the exact mechanism and affected sectors remain unclear.