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COUNTRY INSIGHTS

The legislature focuses on the post-pandemic and other weekly topics
BRAZIL POLITICS · Report · 26 Oct 2020

The highlight of the week is the Central Bank meeting that will set the benchmark interest rate. In the Lower House, deputies will try to vote on the bill that allows for the use of R$ 177 billion from federal funds for the pandemic and the new legal framework for currency exchange. The Federal S...

Emergency aid, Bolsonaro, the municipal elections and other weekly topics
BRAZIL POLITICS · Report · 19 Oct 2020

The highlight of the week will be the confirmation hearings in the Senate for government appointees to regulatory agencies, the TCU and CVM. Senators will also analyze the president’s first appointment to the Federal Supreme Court (STF), Kassio Marques, while the STF will decide on the removal of...

Municipal elections stall Congress and other weekly topics
BRAZIL POLITICS · Report · 13 Oct 2020

Due to the October 12 holiday and the municipal elections, this will be an empty week in Brasília, without any relevant votes in the House or Senate. Supreme Court Minister Celso de Mello retires on Tuesday, October 13. On Thursday, the Central Bank will release the IBC-Br (GDP preview) for Augus...

Guedes ruled out extending emergency aid; Maia supports him
BRAZIL POLITICS · Report · 07 Oct 2020

The Minister of the Economy, Paulo Guedes, ruled out the possibility of extending the emergency aid to 2021. According to Guedes, the aid paid to informal workers will end in December. The minister believes a possible extension of the aid is unreasonable. The President of the Lower House, Rod...

Government works to finance Renda Cidadã
BRAZIL POLITICS · Report · 06 Oct 2020

Senator Márcio Bittar (MDB-AC), rapporteur for the 2021 Budget, announced that the expected delivery of the report on the Federal and Emergency Pact, with the creation of Renda Cidadã, should take place in the next week. From now on, the government will have the challenge of finding a source of f...

Scenarios for Bolsonaro
BRAZIL POLITICS · Report · 06 Oct 2020 · 1 response

​The payment of R$ 600 in emergency aid to informal workers ends on December 31. Both the government and Congress are advocating for a program to replace it, and now there is immense pressure from the Ministry of the Economy to find sources of financing the new program. The importance of this mat...

Pressure on Guedes increases and other weekly topics
BRAZIL POLITICS · Report · 05 Oct 2020

Negotiations around the creation of the Renda Cidadã program continue. Parliamentarians will request that Senate President Davi Alcolumbre (DEM-AP) set a new date for analysis of the presidential vetoes on payroll tax exemptions and the sanitation regulatory framework. On Friday, October 9, elect...

Bolsonaro honors Guedes, but noise persists in the government
BRAZIL POLITICS · Report · 02 Oct 2020

Despite the differences that arose this week​ between the political and economic groups in the government, the Minister of the Economy, Paulo Guedes remains prestigious in Brasília (DF). Today, Bolsonaro once again praised the Minister of the Economy by minimizing last week’s conflict between Gue...

Mourão recognizes difficulties in sources of funding for Renda Cidadã
BRAZIL POLITICS · Report · 01 Oct 2020

Adopting the same position as the Minister of the Economy, Paulo Guedes, Vice President Hamilton Mourão said today that the government “probably” will not use resources from court order payments or Fundeb to finance the Renda Cidadã. According to the Vice President, there are only two alternative...

Guedes shows optimism and seeks to soften criticism of Renda Cidadã financing
BRAZIL POLITICS · Report · 30 Sep 2020

Minister of the Economy Paulo Guedes spoke about the Renda Cidadã program for the first time since it was announced that it would be financed by resources used for court order payments. According to Guedes, “This will not happen, as this is not a healthy, clean, permanent and predictable source o...

Lack of agreement postpones sending the second phase of the Tax Reform proposal; the creation of a new social program is announced
BRAZIL POLITICS · Report · 28 Sep 2020

The government leader in the Lower House, Ricardo Barros (PP-PR), announced today that there is still no consensus on the second phase of the Tax Reform proposal. During the announcement, the government leader was accompanied by President Jair Bolsonaro, ministers, and party leaders. At the same...

A digital tax is still uncertain and other weekly topics
BRAZIL POLITICS · Report · 28 Sep 2020

The government may present a new proposal for the digital tax to allies, with the goal of making fiscal room for the payroll tax issue and the creation of a social program to replace the emergency aid payments. The Congressional session to analyze vetoes and the presentation of Deputy Aguinaldo R...

More resources for Pronampe
BRAZIL POLITICS · Report · 25 Sep 2020

The government will inject more resources into the National Support Program for Micro and Small Enterprises (Pronampe). The announcement was made by Senators Renan Calheiros (MDB-AL) and Kátia Abreu (PP-TO) after a meeting with the Minister of the Economy, Paulo Guedes. The announcement made ...

Government bets on exemption and reforms
BRAZIL POLITICS · Report · 23 Sep 2020

After a meeting with President Jair Bolsonaro and members of the government’s political and economic wings, the Minister of the Economy, Paulo Guedes, said that the country must extend companies’ payroll tax exemption. And, for that reason, it will need to look for “alternative taxes”. Paulo G...

Bolsonaro’s speech at the UN prioritizes environmental policy and the pandemic
BRAZIL POLITICS · Report · 22 Sep 2020

During his opening speech at the United Nations (UN) General Assembly, President Jair Bolsonaro sought to address two issues for which Brazil is highly criticized in the international community: environmental policy and management of the coronavirus pandemic. It was a defensive speech, stating th...

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