Brazil’s government says $4 billion budget reshuffle needed for Lula measures in 2027
- Brazil's Ministry of Planning and Budget announced on Monday that it will move about 20 billion reais within the 2027 federal budget to accommodate measures recently introduced by President Luiz Inacio Lula da Silva.
- Ahead of next Sunday's election runoff, Lula unveiled these measures after trailing right-wing Senator Flavio Bolsonaro in the first round; policies range from free transport to a 15% increase in the Bolsa Familia welfare program.
- Representing a small fraction of total primary expenditure, the ministry stated that the adjustments, described as "a little over 1% of the spending subject to the cap", will not change the overall fiscal limit or primary budget target.
- Fiscal estimates often combine measures with different funding sources and timelines, while ministry officials did not identify which specific spending lines will be cut or delayed.
- Determine the path forward through action by Congress once a rapporteur is named for the budget bill, as Investors monitor whether lawmakers will maintain the current fiscal framework or loosen the fiscal limit.
23 Articles
23 Articles
Next year’s spending budget “can’t be stretched,” and although it will amount to 10.6 billion pesos “will not reach” to meet the extraordinary demands that have been presented, among others, by state public universities, peasants and the government of Jalisco to solve the water problem in that entity, the coordinator of Morena’s deputies, Ricardo Monreal Ávila, anticipated.
Brazil’s government says $4 billion budget reshuffle needed for Lula measures in 2027
BRASILIA, Oct 19 (Reuters) - Brazil's Planning Ministry said on Monday that the budget reallocations needed to accommodate measures recently announced by President Luiz Inacio Lula da Silva as he seeks re-election in next Sunday's vote amount to abou...
Brazil's government says $4 billion budget reshuffle needed for Lula measures in 2027
BRASILIA, Oct 19 - Brazil's Planning Ministry said on Monday that the budget reallocations needed to accommodate measures recently announced by President Luiz Inacio Lula da Silva as he seeks re-election in next Sunday's vote amount to about 20 billion reais ($3.95 billion) in the 2027 budget. Read more at straitstimes.com.
The measures announced by President Luiz Inácio Lula da Silva (PT) on the eve of the election will require changes in the budget and may lead to a blockage of expenditure if revenues are not sufficient.
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