In 2023, the direct transfer on all fossil fuels for consumers in Brazil was not specified, but from 2024 onwards, it is forecasted to exhibit a consistent decline from 1.75 billion USD to 1.49 billion USD by 2028. The average annual reduction over this period is 3.11%, indicating a gradual shift away from fossil fuel subsidies or transfers.
Future trends to watch for include policy shifts towards renewable energy incentives and the potential impact of fluctuating global fossil fuel prices on Brazil's economic landscape, which may further influence the financial commitments and strategies related to fossil fuel consumption.
