The forecast analysis for tax expenditure on natural gas for transportation in Brazil shows a gradual decline from 2024 to 2028, starting at 0.014% of GDP and decreasing to 0.012% of GDP. This stable yet slight downward trend implies a minor reduction in government expenditure over time.
In percentage terms, the forecast indicates a year-on-year reduction of about 7% between 2024 and 2025, and stabilizing reductions thereafter. Over the five-year forecast period, the CAGR is approximately -3.7%.
Future trends to watch for:
- Potential policy changes affecting natural gas taxation.
- Technological advancements in alternative transportation fuels.
- Large-scale uptake of electric vehicles impacting natural gas demand.
