Brazilian President Jair Bolsonaro said on Tuesday that a proposed amendment to the Constitution being drafted by the government along with Congress will allow the reduction of federal and state taxes on fuel, electricity and cooking gas.
With the measure, which comes in a presidential election year, the president aims to reduce the price of basic items that have weighed heavily on Brazilian consumers and pushed inflation up to 10.06% at the end of 2021, its highest annual rate since 2015.
