The House approved the PEC on Fuels, Congress will now focus on reviewing presidential vetoes, and the Ministry of Economy will publish a new set of macroeconomic parameters

BRAZIL POLITICS - Report 14 Jul 2022 by Murillo de Aragão and Cristiano Noronha

Enactment should take place between today and tomorrow and the benefits should start being paid in August. The measures, in particular the increase in Auxílio Brasil payments and the gas voucher, are expected to have a positive impact on President Jair Bolsonaro’s popularity. Rodrigo Pacheco said this week that the vetoes related to the law that sets a ceiling for the ICMS rates on fuels may be reviewed. The Ministry of Economy will publish a new set of macroeconomic parameters, which includes estimates on GDP and inflation. The data will come out at 9:30 a.m. Then there will be a press conference on the numbers.

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