The tax expenditure on natural gas for fossil fuel production in Brazil is anticipated to decline steadily from 2024 to 2028 when expressed as a percentage of GDP. In 2024, the value is forecasted at 0.013% of GDP and is projected to decrease annually to 0.008% by 2028. The year-on-year percentage variation shows a consistent reduction, highlighting an ongoing downward trend in tax expenditure relative to the country's GDP. The compound annual growth rate (CAGR) over these five years reflects a continuous average decline.
Future trends to watch for include possible policy changes favoring renewable energy sources that could accelerate the reduction in tax expenditures related to fossil fuels. Additionally, external factors such as global energy price fluctuations and domestic economic performance could influence these forecasts.
