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Brazil's Planning and Budget Minister Moretti: We propose a comprehensive cut in tax incentives in the fiscal bill. In addition, if a situation arises requiring a freeze on spending, the option of restricting tax credits used for tax deductions can be activated. This provides flexibility for public account managers without the need for austerity-driven fiscal adjustment. The bill also proposes limiting certain expenditures by an amount of approximately 10 billion to 11 billion reais.
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