Fernando Haddad And Federal Government Expect To Return ICMS Compensation To States Within 4 Years After R$ 45 Billion Loss In National Economy Throughout 2022

Written by Ruth Rodrigues

Published on 09/02/2023 at 00:31

Updated on 21/03/2023 at 02:05

Foto: Renato Braga

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The Expectation Is That the Rapporteur of the Ministry, Fernando Haddad, Will Continue the Decisions for the ICMS Compensation to the States Within 4 Years. The Federal Government’s Objective Is to Find a Middle Ground for the Situation After Significant Losses in the National Economy.

The Federal Government’s projections regarding the ICMS (Tax on Circulation of Goods and Services) compensation to the States are quite optimistic. Under the leadership of the new Minister of Finance, Fernando Haddad, it is expected that the compensation will occur, gradually, within 4 years, by the end of Lula’s Government. The year 2022 saw significant revenue losses for the national economy, but the market is expected to stabilize over the next 4 years.

Federal Government Prepares Gradual ICMS Compensation to States and Hopes to Find Favorable Middle Ground Over the Next 4 Years

The situation of monetary loss over the past year regarding ICMS revenue in Brazil is the main topic in the national economy at the moment.

The Governor of Espírito Santo, Renato Casagrande (PSB), stated this Tuesday that the compensation to States and municipalities for the ICMS revenue loss should be made within 4 years, as provided by the Federal Government.

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The Federal Government’s Objective and That of Fernando Haddad for the Tax Compensation Over the Next 4 Years Is to Find a Middle Ground Consistent with the Brazilian Economy

Casagrande cited a “median” between R$ 13 billion and R$ 45 billion. The Governor of Goiás, Ronaldo Caiado (União Brasil), emphasized that the Federal Government is meeting the needs of the States, even with the installment payment.

“The main interest is the compensation. How will this compensation take place? Will it cover 100% of our losses or will it be divided?” he highlighted.

The specialist also stated that topics such as Difal (Differential Tax Rate), the non-essentiality of gasoline, as well as the withdrawals of Tust (Fee for the Use of the Electric Energy Transmission System) and Tusd (Fee for the Use of the Electric Energy Distribution System) directly impact the ICMS issue.

Now, Haddad continues with the Federal Government seeking measures to ensure a good ICMS compensation amidst economic instability.

Fernando Haddad And Federal Government Expect To Return ICMS Compensation To States Within 4 Years After R$ 45 Billion Loss In National Economy Throughout 2022

The Expectation Is That the Rapporteur of the Ministry, Fernando Haddad, Will Continue the Decisions for the ICMS Compensation to the States Within 4 Years. The Federal Government’s Objective Is to Find a Middle Ground for the Situation After Significant Losses in the National Economy.

Federal Government Prepares Gradual ICMS Compensation to States and Hopes to Find Favorable Middle Ground Over the Next 4 Years

The Federal Government’s Objective and That of Fernando Haddad for the Tax Compensation Over the Next 4 Years Is to Find a Middle Ground Consistent with the Brazilian Economy

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Fernando Haddad And Federal Government Expect To Return ICMS Compensation To States Within 4 Years After R$ 45 Billion Loss In National Economy Throughout 2022

The Expectation Is That the Rapporteur of the Ministry, Fernando Haddad, Will Continue the Decisions for the ICMS Compensation to the States Within 4 Years. The Federal Government’s Objective Is to Find a Middle Ground for the Situation After Significant Losses in the National Economy.

Federal Government Prepares Gradual ICMS Compensation to States and Hopes to Find Favorable Middle Ground Over the Next 4 Years

The Federal Government’s Objective and That of Fernando Haddad for the Tax Compensation Over the Next 4 Years Is to Find a Middle Ground Consistent with the Brazilian Economy

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He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

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China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

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