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Brazil raises import, fuel, financial taxes to balance accounts

22/01/2015 12h00 - Atualizado em 02/12/2016 13h35

Jan 19 (Reuters) - Brazil will raise taxes on fuel, imports and consumer loans as part of efforts to balance government accounts, Finance Minister Joaquim Levy said on Monday.

Some of the measures will take effect early on Feb. 1, Levy told reporters in Brasilia. The decision to increase tax rates on those items will help raise 20.6 billion reais ($7.7 billion) in additional tax revenues this year, he added. 

Source: Reuters