November 28, 2024, it is a day that will be remembered in Brazilian economic history. That night, Economy minister Fernando Haddad announced a much-anticipated cost-cutting package for the market on a national broadcast. Until then, warnings had been issued about the country's fiscal risk, and more decisive action was expected from the government to curb spending. Haddad spoke for a few minutes and publicized a cut of R$70 billion in two years. With it, he also brought a surprise: the government had compromised on exempting income tax for those who earned up to R$5,000 a month (a topic pending a vote in Congress). This was the key to the dwindling confidence of market agents in the government, reaching its all-time low.Leia mais em: https://exame.com/en/brazils-economy-stayed-strong-in-2024-but-fiscal-and-productivity-challenges-persist/