Fuel PEC could cost up to BRL 58 billion, market reacts with increased fiscal risk

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THE Fuels PEC remains in the spotlight after the government announced the possibility of a subsidy for truck drivers amid the sharp rise in diesel prices.

According to a study carried out by the chief economist of Ryo Asset Gabriel Barros, the measure could cost the coffers up to R$ 58 billion, with compensation to the states, the withdrawal of federal taxes and the new truck driver aid.

Compensation to states should cost R$ 29.6 billion and the exemption from federal taxes represents another R$ 20 billion. The additional amount of the subsidy to truck drivers can vary between R$400 and R$1,000. In the latter case, government spending would rise to R$6.99 billion.

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*Posted by Fabricio Julião

Source: CNN Brasil

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