巴西对低收入工人的新税收减免刺激了支出,并在2026年大选前支持卢拉,但有可能带来财政紧张。 Brazil’s new tax break for low-income workers boosts spending and supports Lula ahead of 2026 election, but risks fiscal strain.

巴西新的所得税减免,使每月收入高达5 000雷亚尔的工人免缴税款,几乎比前一个门槛值增加了两倍,使大约1 130万人的可支配收入增加,估计在2026年总统选举之前向经济注入280亿雷亚尔。 A new Brazilian income tax break exempting workers earning up to 5,000 reais monthly from taxes—nearly tripling the previous threshold—is boosting disposable income for about 11.3 million people, injecting an estimated 28 billion reais into the economy ahead of the 2026 presidential election. 该政策是路易斯·伊纳西奥·卢拉·达席尔瓦总统2022年的一项主要竞选承诺,在失业率低、工资上升和通货膨胀下降的情况下,改善了公众的情绪。 The policy, a key 2022 campaign promise by President Luiz Inácio Lula da Silva, has improved public sentiment amid low unemployment, rising wages, and falling inflation. 经济学家警告卢拉可能给公共财政带来压力,降低长期生产率,并通过收缩税基和增加债务而增加通货膨胀风险。 While it has strengthened Lula’s lead in polls, economists warn it may strain public finances, reduce long-term productivity, and increase inflation risks by shrinking the tax base and increasing debt.