In 2023, the actual expenditure on fossil fuels for electricity generation in Brazil was approximately 165 million USD. The forecast data indicates a steady increase in tax expenditures from 2024 to 2028, starting at 170.99 million USD in 2024 and reaching 197.1 million USD by 2028. This signifies a consistent year-on-year growth, with an average annual growth rate (CAGR) of around 3.04% over the five-year period. The year-on-year percentage variations demonstrate a linear upward trend.
Future trends to watch for include shifts towards renewable energy sources which may influence fossil fuel taxation policies. Additionally, any political and regulatory changes could significantly impact these forecasted expenditures.
