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Home > News > Lula Vows Tax Cuts, Loans in Export Stimulus Plan (Update3)

May 12th, 2008

Lula Vows Tax Cuts, Loans in Export Stimulus Plan (Update3)

Abstract:
Brazil aims to award over 20 billion reais in tax exemptions and spend 40 billion reais on technology by 2010, Jorge said. Among the 25 industries chosen for the plan are agribusiness, nanotechnology, biotechnology, biodiesel, perfume and oil and gas.

Coutinho said the bank will pledge up to 210 billion reais in loans for the plan, without elaborating.

Source:
bloomberg.com

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