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The Annual Budget Law was sanctioned by Lula yesterday, Federal Revenue Service tax auditors continue their strike, and Haddad said the government may have to cut spending to meet the zero-deficit fiscal target
BRAZIL POLITICS · Report · 23 Jan 2024

The Annual Budget Law (LOA), which was sanctioned by President Lula (PT) yesterday, was published in today's Federal Official Gazette. He vetoed part of the budget foreseen for committee amendments. The National Congress will likely try to overturn Lula's veto and reestablish the amendments. Acco...

The fiscal balance issue and other weekly topics
BRAZIL POLITICS · Report · 22 Jan 2024

Although there are no public meetings scheduled, the leaders of the National Congress, especially those in the House, are discussing payroll tax relief. This will be a busy week concerning industrial policy, with negotiations around the taxation of imported steel and the publication of the 2024-2...

Public servants hold strikes, the steel sector calls for a higher tax on imported steel, and the government is expected to sanction the 2024 Budget today
BRAZIL POLITICS · Report · 22 Jan 2024

The fact that the government did not include a salary raise for federal public servants in this year's budget has caused some dissatisfaction, and strike movements are beginning to gain strength. The government has not yet addressed the issue, but negotiations are underway. The government will me...

Lira met with Haddad to discuss the payroll tax issue, Lula criticized the business sector for supporting the payroll tax exemption, and Monday is the deadline for the government to sanction the 2024 Budget Law
BRAZIL POLITICS · Report · 19 Jan 2024

Last night, the Minister of Finance, Fernando Haddad (PT), met with the president of the House, Arthur Lira (PP-AL), to discuss this issue. The government is trying to confirm the plan that foresees the revocation of the provisional measure that resumes the payroll tax. Yesterday, President Lula ...

Lira should meet with Haddad to discuss the payroll tax issue, the Ministry of Finance is considering ending the tax exemption on imports of up to US$ 50, and Lula plans to travel around the country this year
BRAZIL POLITICS · Report · 18 Jan 2024

Today, the president of the House, Arthur Lira (PP-AL), is expected to come to Brasília to meet with the Minister of Finance, Fernando Haddad (PT), to discuss the payroll tax exemption. The Ministry is considering ending the import tax exemption on imported products of up to US$ 50, but this meas...

Haddad met with Padilha to discuss the payroll tax issue, Tarcísio publicly supported the re-election campaign of the current mayor of São Paulo, and the PT approved the affiliation of Marta Suplicy with the party to run for vice mayor of São Paulo
BRAZIL POLITICS · Report · 17 Jan 2024

Yesterday, the Minister of Finance, Fernando Haddad (PT), met with the Minister of Institutional Relations, Alexandre Padilha (PT), to discuss the payroll tax issue. He did not say what the government's decision would be but said he would speak with President Lula to negotiate a solution. In the ...

Pacheco and Haddad found no solution to the payroll tax issue, Lula met with the president of Paraguay, and three ministers will attend a panel at Davos about the energy transition in Brazil
BRAZIL POLITICS · Report · 16 Jan 2024

Yesterday, the president of the Senate, Rodrigo Pacheco (PSD-MG), met with the Minister of Finance, Fernando Haddad (PT), to discuss the payroll tax exemption. The meeting ended without a solution to the issue. Yesterday, Lula met with the president of Paraguay, Santiago Peña. They discussed the ...

The first problems of 2024 and other weekly topics
BRAZIL POLITICS · Report · 16 Jan 2024

Even with the congressional recess, the discussion about payroll tax relief continues behind the scenes. States and the Federal Government are working on regulating Tax Reform. Data we compiled shows that, despite the difficulties he has faced, President Lula maintains a considerable level of sup...

President Lula announced Lewandowski as Flávio Dino’s replacement, 21 working subgroups have been created to help regulate Tax Reform, and Brazil will send only a small delegation to the World Economic Forum, to be held in Davos next week
BRAZIL POLITICS · Report · 12 Jan 2024

President Lula confirmed in a speech at the Planalto Palace that former Supreme Federal Court (STF) Justice Ricardo Lewandowski will be the new Minister of Justice and Public Security. He is expected to take office on February 1. State finance secretariats have already established, within the sco...

President Lula may announce Minister Flávio Dino’s replacement, Central Bank employees are on a 24-hour strike, and the government sent a bill to Congress to reformulate the bankruptcy law
BRAZIL POLITICS · Report · 11 Jan 2024

President Lula (PT) may announce today his final decision on who will replace Minister Flávio Dino (PSB) in the Ministry of Justice. Lula had a series of meetings with Ricardo Lewandowski, which suggests he is likely to be chosen for the position. On today's agenda, it is worth noting that Centra...

Discussions on the payroll tax continue, the Voa Brasil program should begin in the first week of February, and the Minister of Mines and Energy and the Minister of Agrarian Development are expected to restructure the Social Biofuel Seal
BRAZIL POLITICS · Report · 10 Jan 2024

In Brasília, the discussion about the exemption or return of the payroll tax continues to be the focus of the political debate. Yesterday, the president of the National Congress, Rodrigo Pacheco (PSD-MG), met with Senate leaders to discuss the issue. He is looking for a negotiated solution in ord...

Pacheco will meet with party leaders to discuss the payroll tax issue, Eletrobras and the AGU met to discuss the government’s participation in the company, and Lula is expected to appoint Lewandowski to the Ministry of Justice
BRAZIL POLITICS · Report · 09 Jan 2024

Today, the president of the Senate, Rodrigo Pacheco (PSD-MG), will meet with party leaders to discuss the provisional measure (MP) on the repayment of the payroll tax. Yesterday, representatives from Eletrobras and the Attorney General's Office (AGU) had their first meeting with the AGU's Federal...

President Lula holds an event in defense of democracy, Pacheco should discuss the payroll tax relief issue, and Lula is expected to sanction the Multi-Year Investment Plan this week
BRAZIL POLITICS · Report · 08 Jan 2024

President Lula recalls the vandalism of public buildings that took place on January 8 last year in an event to be held today at the National Congress. The opposition believes the government should not be politicizing the event and released a statement last week criticizing what it called “the abu...

The Senate approved the ICMS subsidy MP, Congress should vote on the 2024 Federal Budget, and the House will try to vote on the online sports betting and carbon market bills
BRAZIL POLITICS · Report · 21 Dec 2023

Yesterday, the Senate concluded the vote on Provisional Measure (MP) 1185/23, which deals with the ICMS subsidy and Interest on Own Capital (JCP). The text now goes for presidential sanction. Today, Congress is set to vote on the 2024 Federal Budget. A session of the Joint Budget Committee is sch...

The LDO was approved, the Senate should vote on the ICMS subsidy MP today, and the House is expected to vote on the online sports betting bill
BRAZIL POLITICS · Report · 20 Dec 2023

Yesterday, the National Congress approved the Budget Guidelines Law (LDO). The text now goes for presidential sanction. Also today, the Senate should vote on Provisional Measure Nº 1,185, which deals with the ICMS subsidy and Interest on Own Capital (JCP). The text was approved last week and is p...

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