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 by Murillo de Aragão and Cristiano Noronha

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. According to the Union of Federal Revenue Service Auditors (Sindifisco), the agency's strike is expected to affect 90% of cargo clearances in the country next week—and support for the strike has grown. Haddad also said that he is discussing with President Lula ways to make the goal of zeroing the deficit in 2024 viable and cited expenditure-cutting measures.

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