Fernando Haddad Awaits President's Approval to Suspend Federal Tax Exemption on Fuels Such as Gasoline and Ethanol

Fernando Haddad Awaits President’s Approval to Suspend Federal Tax Exemption on Fuels Such as Gasoline and Ethanol

Written by Ruth Rodrigues

Published on 13/01/2023 at 12:51

Updated on 18/01/2023 at 20:14

Foto: Breno Esaki/Especial Metrópoles

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The Measure to Extend the Exemption of Federal Taxes on Gasoline and Ethanol Was Taken in One of the First Acts of the Lula Administration. Minister Fernando Haddad Awaits the Green Light from the President to Suspend the Exemption as a Means of Revenue Collection.

After the events held in Brasília last Sunday (01/08), the Lula Administration is working to maintain the agenda and continue with the progress of the projects for the month of January. Among them is the discussion about the end of the exemption on the collection of federal taxes on ethanol and gasoline, after the extension of the exemption until the end of February. The Minister of Finance, Fernando Haddad, is only waiting for the green light from the president to move forward with the action.

The End of the Exemption of Federal Taxes on Gasoline and Ethanol Is Expected in the Coming Months as a Measure to Minimize the Deficit of the Public Treasury

After eliminating federal taxes (PIS/Cofins) and the measure having been extended by President Lula until the end of February in one of his first acts in the current government, Minister of Finance Fernando Haddad continues to prepare for the end of the exemption.

Currently, according to the minister himself, he is only waiting for the green light from the head of the executive to prepare the suspension of the exemption as early as March.

ARTICLE CONTINUES BELOW

Lula Administration Aims to Continue with the Agenda of Projects and Announcements This Week After Attacks on Brasília, Confirms Haddad

The announcement regarding the next steps of the Lula Administration for the collection of federal taxes on gasoline and ethanol is expected to happen later this week.

The Minister of Finance continues with his actions and has already assigned some tasks to his secretaries regarding the project, even before the announcement.

After meeting with his team, Haddad met with the Minister of Planning and Budget, Simone Tebet. He then presented the first details to President Lula.

The president himself instructed the Minister of Finance to make the announcement later this week, in a move to empower and normalize the activities of the Lula Administration after the attacks in Brasília.

Haddad may face strong criticism regarding the resumption of federal tax collection on gasoline and ethanol in the coming days, but the measure is necessary at a time of economic instability in the government.

Fernando Haddad Awaits President’s Approval to Suspend Federal Tax Exemption on Fuels Such as Gasoline and Ethanol

The Measure to Extend the Exemption of Federal Taxes on Gasoline and Ethanol Was Taken in One of the First Acts of the Lula Administration. Minister Fernando Haddad Awaits the Green Light from the President to Suspend the Exemption as a Means of Revenue Collection.

The End of the Exemption of Federal Taxes on Gasoline and Ethanol Is Expected in the Coming Months as a Measure to Minimize the Deficit of the Public Treasury

Lula Administration Aims to Continue with the Agenda of Projects and Announcements This Week After Attacks on Brasília, Confirms Haddad

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Fernando Haddad Awaits President’s Approval to Suspend Federal Tax Exemption on Fuels Such as Gasoline and Ethanol

The Measure to Extend the Exemption of Federal Taxes on Gasoline and Ethanol Was Taken in One of the First Acts of the Lula Administration. Minister Fernando Haddad Awaits the Green Light from the President to Suspend the Exemption as a Means of Revenue Collection.

The End of the Exemption of Federal Taxes on Gasoline and Ethanol Is Expected in the Coming Months as a Measure to Minimize the Deficit of the Public Treasury

Lula Administration Aims to Continue with the Agenda of Projects and Announcements This Week After Attacks on Brasília, Confirms Haddad

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Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

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