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Brazil’s Diesel Subsidy Extension Tests Fiscal Rule Amid Claim of Oil Revenue Offset
PROMarkets• 2h ago

Brazil’s Diesel Subsidy Extension Tests Fiscal Rule Amid Claim of Oil Revenue Offset

Brazil's government plans to extend a key R$2.12/liter diesel subsidy for 30 days, citing extraordinary oil revenue to offset the fiscal cost, a move that tests its new spending rules.