The Senate floor should vote on the fiscal adjustment package, the Finance Ministry stated that Tax Reform will remain on schedule, and the crisis at the Federal Police regarding the Banco Master case continues

BRAZIL POLITICS - Report 12 Nov 2026 by Murillo de Aragão and Cristiano Noronha

The Senate floor is expected to vote today on Complementary Bill (PLP) 299/2026. The bill was introduced by Jaques Wagner and is being reported by Eduardo Braga, who is also the rapporteur for the 2027 Budget. The fiscal adjustment proposal allows the government to impose spending freezes aimed at the midpoint of the primary balance target, reduces real expenditure growth from 2.5% to 2.0% in 2027, cuts tax expenditures by 10%, and limits the offsetting of federal taxes. The Finance Ministry and Federal Revenue Service also reiterated that the tax reform will remain on schedule. Robinson Barreirinhas defended immediate implementation, while Aguinaldo Ribeiro said Finance Minister Dario Durigan had assured him there would be no postponement. On the institutional front, the crisis within the Federal Police is deepening. PF leadership ordered reports concerning references to Alexandre de Moraes, Dias Toffoli, and Nunes Marques in the Master case to be redrafted. The stated rationale was that the investigators had gone beyond Edson Fachin’s instructions, which called for descriptive reports.

Now read on...

Register to sample a report

Register
Must have at least 8 characters
Sign-in
Forgot your password?
Copyright 2026 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.