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Brazil to seek exemption from fiscal target for US tariff aid spending

ReutersAug 13, 2025 5:48 PM

- Brazil's government will send a bill to Congress requesting that 9.5 billion reais ($1.76 billion) in spending under its aid package for companies hit by steeper U.S. tariffs be excluded from the country's fiscal target, an official said on Wednesday.

Speaking at a press conference, the finance ministry executive secretary, Dario Durigan, said the amount includes 4.5 billion reais in contributions to government funds overseen by state lenders, and another 5 billion reais in tax relief for exporters through 2026 under the "Reintegra" program.

($1 = 5.3961 reais)

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