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Reuters
Reuters
Business
By Ricardo Brito and Bernardo Caram

Bolsonaro eyes dividend tax, debt pardon as Brazil campaign turns to economy

Brazil's President and candidate for re-election Jair Bolsonaro gestures while poses for a photo during a meeting with businessmen of the Minas Gerais State Federation of Industries (Fiemg), in Belo Horizonte, Brazil October 6, 2022. REUTERS/Whashington Alves

Right-wing Brazil President Jair Bolsonaro on Thursday announced a debt pardon for some consumers and a tax on dividends to pay for welfare spending, shifting the focus of a his re-election campaign to the economy as polls tightened.

His leftist challenger, former President Luiz Inacio Lula da Silva, has also proposed a debt forgiveness program for Brazilian consumers.

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