Pacheco meets with governors to discuss state debt, the government is considering changing the fiscal target for 2025, and the House will continue to analyze important bills this week

BRAZIL POLITICS - Report 15 Apr 2024 by Murillo de Aragão and Cristiano Noronha

Senate President Rodrigo Pacheco and the governors who are requesting the restructuring of their debts with the federal government will discuss the general lines of a complementary bill to regularize state debt. The fiscal target for this year is 0% of GDP. For 2025, the government had defined a 0.5% surplus but is already thinking about changing it to 0.25% or 0%. The pressure for a lower target comes from the political wing of the government and the PT, while the Ministry of Finance defends a higher percentage. The Lower House continues to analyze bills that are important both from an economic and fiscal point of view. Three matters await an outcome: payroll tax relief for 17 sectors of the economy, payroll tax relief for small municipalities, and the program aimed at the events sector (Perse).

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