22 Jan 2015
by Murillo de Aragão and Cristiano Noronha
Fiscal Adjustment Measures adopted by the Economy Team The following is a summary table with the fiscal measures adopted by President Dilma’s economy team. Of the 11 announced acts, three were still not published in the official gazette and six still depend on legislative approval.Date Topic What Was Announced Legal Act Fiscal Impact Observation 19-Dec-14 TJLP Increase in long-term interest rate (TJLP) of 5% to 5.5% per year, in order to reduce the subsidies given by the National Treasury. BC Resolution 4394/14 - Published in the Federal Official Gazette on December 23, 2014. 29-Dec-14 Sala...
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