A government source reported that an agreement was reached with the National Congress for the presentation of a tax adjustment bill for the year 2027. The document foresees a budget reduction of 0.5% of Gross Domestic Product (GDP) for the first year of implementation, estimated between R$ 70 billion and R$ 80 billion. The long-term target establishes a cumulative adjustment of 1.75% of GDP at the end of four years. Among the main changes proposed is the withdrawal of extraordinary revenues from the calculation of constitutional health and education floors, even in tax surplus scenarios, changing the current rule that requires deficit for its application.
The negotiation also includes discussions on tax benefit cuts, although specific details have not been disclosed by the source. The agreement aims to respond to requests from economists and financial market agents for greater control of public debt, a context marked by the high dollar since Lula's re-election and the fall of the Ibovespa index. In the Sunday statement, President Luiz Inácio Lula da Silva reaffirmed his concern about public debt and high interest, promising actions to reduce the Selic rate, currently at 13.75% per year.