Taxes on gasoline and diesel may go up

The federal government’s economic team discusses the elevation of PIS and Cofins over gasoline and diesel. The measure can guarantee an extra revenue of R $ 3 billion over 2017, which would help the government to dry up its accounts.

In a speech, Finance Minister Henrique Meirelles said that the cut in the federal budget could be reduced throughout the year with tax increases. According to him, with the report of revenues and expenses, still to be disclosed, will also be announced whether or not there will be a need to raise taxes and what the government’s proposals for tax increases.

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