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Public financing

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It’s important to mention the main institutional form of public financing of culture in Brazil, called the Lei Rouanet (8-313/91), a mechanism through which private companies are allowed to reduce taxes owed to the state by investing in culture. In spite of the many controversies it has aroused (since it empowers the private sector in cultural matters), the Lei Rouanet has proven to be a fruitful device for the promotion of culture in Brazil.