Brazil cuts fuel taxes and authorises a temporary diesel subsidy
The measures lower federal levies on gasoline and ethanol through 9 October and set an initial R$1-per-litre diesel subsidy.
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The measures lower federal levies on gasoline and ethanol through 9 October and set an initial R$1-per-litre diesel subsidy.
The September Prisma survey lowered the median deficit projection and raised expected federal revenue.
The Federal Revenue Service will use an orienting phase through December before formal procedures begin in 2027.
Finance Canada says submissions will be reviewed to help inform the next federal budget.
The value of permits dropped to $12.2 billion, more than reversing June’s increase.
The CPI matched July’s annual increase as slower gasoline-price growth weighed on the headline rate.
Statistics Canada says employment declined while the national unemployment rate stayed at 6.4%.
The tax will return at half its regular rate in February and March, with a stated additional fiscal cost of C$2.9 billion.
Growth in construction was offset by declines elsewhere, leaving monthly output broadly flat.
Manufactured-product prices rose 1.3% monthly, while raw-material prices advanced 3.1%.
Exports fell and imports rose, narrowing the monthly merchandise surplus from June’s $4.2 billion.
The proposed Productivity Mega Deduction would cover about two-thirds of capital investment and cost C$36 billion over five years.
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