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Brazil to exclude $1.76 billion in aid package from fiscal target

Published 13/08/2025, 18:54
Brazil to exclude $1.76 billion in aid package from fiscal target

Investing.com -- Brazil’s government plans to send a bill to Congress requesting the exclusion of 9.5 billion reais ($1.76 billion) in spending from the country’s fiscal target, according to a finance ministry official on Wednesday.

The spending is part of an aid package designed to support companies affected by increased U.S. tariffs. Finance Ministry Executive Secretary Dario Durigan provided details during a press conference, explaining that the amount includes 4.5 billion reais in contributions to government funds managed by state lenders.

The remaining 5 billion reais will be allocated to tax relief for exporters through 2026 under the "Reintegra" program. This initiative aims to mitigate the impact of steeper U.S. tariffs on Brazilian businesses.

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