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A consumption tax reform in Brazil has been recently approved by the House of Representatives, providing a full tax exemption for the yet undefined ‘National Basic Basket’ of goods (cesta basica nacional), alongside a cashback scheme that is yet to be determined. This note simulates the distributional impacts of different fiscally neutral scenarios of reduced rates and exemptions. The authors show that the exemption of taxes for food and personal care goods (such as those suggested by Law 10,925) would benefit the most vulnerable. Nonetheless, overall expenditures on certain items that are being considered for inclusion in the cesta are relatively concentrated on households in the top decile of the income distribution. Thus, a blanket exemption on Cesta Basica items may benefit ....
Special report 2021 FAO Crop and Food Supply Assessment Mission (CFSAM) to the Democratic Republic of Timor-Leste, 16 June 2021 - Timor-Leste reliefweb.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reliefweb.int Daily Mail and Mail on Sunday newspapers.
HIGHLIGHTS • WFP in collaboration with the Ministry of Agriculture and Fisheries and the General Directorate of Statistics collected data on the week of 5/6 2021. Monitoring has been conducted on prices of key food commodities from 62 retailers in 10 municipalities (Ainaro, Aileu, Bobonaro, Covalima, Dili, Ermera, Lautem, Liquica, Manatuto, and Oecusse). • Cereals (imported rice, local rice, maize, wheat flour): Overall imported rice prices stayed at an average range between 0.52 US$/KG to 0.57 US$/KG. The price spike in the Oecusse region has eased, but it is still higher compared to other municipalities. The region is still under the impact of the tight shipping schedule and distributor’s pricing from Dili. Local rice and wheat flour maintained an upward curve compared to Dec 2020 while maize price has shown a slight decrease. ....
Rice availability (Imports and local production) is sufficient to support local demand. Price index for local rice has been on an upward trend for most part of 2020. Vegetation Health Index is in the green to old green category in most parts of the country in December 2020, a situation that is favourable for agriculture production. Background and Context The year 2020 will go down in history as one that disrupted and exacerbated an already fragile global food system leading to job losses, hunger and malnutrition due to the COVID-19 pandemic. This fragility presents an increased risk to food sufficiency in Timor-Leste, where up to 40 percent of cereal consumption1 are met through imports. ....
How Timor-Leste Financed Its COVID-19 Efforts Despite domestic political gridlock, the country was able to secure funds to guard against COVID-19 – but its experience suggests many lessons for the future. By February 17, 2021 Advertisement Timor-Leste is one of the countries with the lowest number of COVID-19 cases, largely because the government shut down borders in early 2020 knowing that the fragile health system would not be able to cope with a pandemic. The nation has been in an extended state of emergency since March 28, 2020, a period that was broken only by a brief hiatus in July and August. When COVID-19 fears reached Timor-Leste, the 2020 budget was not in place so to meet its interim funding needs, the country created an emergency COVID-19 fund. ....