Brazil presidential election, Mr. Bolsonaro launches personal and corporate debt relief | Reuters

Brazil’s President Jair Bolsonaro on Oct. 6 unveiled plans to tax dividends to fund debt forgiveness for some individuals and companies and to finance social security. FILE PHOTO: Brasilia May 4, 2022 REUTERS/Adriano Machado

[ブラジリア 6日 ロイター] – Brazil’s President Jair Bolsonaro on Thursday launched a plan to tax dividends to fund debt forgiveness for some individuals and companies and to finance social security. He is catching up with former President Lula in approval ratings ahead of the presidential election run-off on the 30th, and has shifted the focus of the election campaign to the economy.

Lula also proposed a debt forgiveness program for Brazilian consumers.

Bolsonaro told parliament that he had agreed with the speaker of the House of Representatives to tax dividends received by Brazilians with an income of 400,000 reais ($77,000) or more in order to extend social welfare schemes that expire in December. rice field.

Both he and Lula have pledged to continue the 600 reais monthly payment to the poorest next year, but neither has clarified how it will be funded. Both candidates are looking to change fiscal rules.

Bolsonaro said Brazil’s Federal Savings Bank, a state-owned financial institution, will forgive up to 90 percent of its debt for about 4 million individuals and 400,000 businesses.

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