Clipping of news on Brazilian Culture, Law and Citizenship
05/24/2013
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Finance will reset rates for tariffs
DAY
Rio - Users of public transport will have a relief in your pocket from June. The finance minister, Guido Mantega, confirmed yesterday that the PIS / COFINS are cleared for bus fares, train and metro in the country by way of interim measure, yet another government effort to curb inflation. The measure must be effective as of June 1.
On Wednesday, it was announced that bus fares, trains and subway in São Paulo would rise from R$ 3 to R$ 3.20 from June 2, impacting on inflation. At the request of President Dilma Rousseff, however, the state government and the city of São Paulo agreed to postpone the adjustment to prevent further inflationary pressure at the beginning of the year.
The extent of the PIS / Confines will be implemented so that the adjustment is minimized and not transfer any accumulated inflation since the last increase. The increase in rates occurs at a time when the federal government tries to curb inflation, while seeking the resumption of economic growth.
Source: The Day - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.