BRASILIA (Reuters) – Brazil Finance Minister Fernando Haddad said on Monday he believes the government’s proposal to raise the country’s income tax exemption will have a fiscal impact of 27 billion reais ($4.75 billion) on public accounts per year.
Haddad has said before that the fiscal impact of the move would be fully neutralized by compensatory measures.
($1 = 5.6886 reais)
(Reporting by Victor Borges and Bernardo Caram in Brasilia; Writing by Andre Romani)
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