BRAZIL POLITICS
Analysts
Murillo de Aragão
Founder, Political Consultancy Arko Advice
Cristiano Noronha
Partner, Political Consultancy Arko AdviceRecent Country Insights
An agreement has been reached on municipalities' payroll tax exemption, the Working Group on Tax Reform regulation may be installed next week, and the STF should discuss the ADI on unjustified labor dismissals
BRAZIL POLITICS · Report · 17 May 2024
After a meeting with Senate President Rodrigo Pacheco (PSD-MG), Minister of Finance Fernando Haddad and Minister of Institutional Relations Alexandre Padilha announced an agreement on the payroll tax exemption for municipalities. It was agreed that the exemption for municipalities will be applie...
The Senate approved the bill that suspends Rio Grande do Sul’s federal debt payment plan, the text on municipalities' payroll tax exemption is ready, and the Joint Budget Committee intends to vote on the LDO by July 9
BRAZIL POLITICS · Report · 16 May 2024
Yesterday, May 15, the Senate plenary approved PLP 85/2024, which authorizes the suspension of Rio Grande do Sul's debt for three years. The bill was presented on Monday, May 13, by the federal government. According to Senator Efraim Filho (União Brasil/PB), the text on municipalities' payroll ta...
Jean Paul Prates was fired from Petrobras, the Working Group on Tax Reform regulation may be announced today, and the Senate may vote on the bill that suspends Rio Grande do Sul’s federal debt payment plan
BRAZIL POLITICS · Report · 15 May 2024
After several months of friction and disagreements, Jean Paul Prates has been fired from Petrobras. This is a victory for the Minister of Mines and Energy, Alexandre Silveira, who publicly argued with Jean Paul Prates. According to the president of the House, Arthur Lira (PP-AL), the members of t...
The CNI defended the approval of the bill that taxes international purchases, mayors continue to pressure for payroll tax relief, and Lira said the House should approve Rio Grande do Sul’s federal debt relief as soon as possible
BRAZIL POLITICS · Report · 14 May 2024
Yesterday, the National Confederation of Industry (CNI) defended the approval of the bill that provides for the end of tax exemptions on international purchases of up to US$50. This measure was included in the bill that creates the Green Mobility and Innovation Program (Mover) that is being analy...
The risk of opportunism and other weekly topics
BRAZIL POLITICS · Report · 13 May 2024
The Ministry of Finance negotiates with mayors on the payroll tax relief issue. The STF may ratify the agreement signed last week with the 17 sectors of the economy benefiting from the exemption. In the market, the minutes of the Copom meeting that reduced the interest rate to 10.50% should be pu...
The government reached an agreement on payroll tax relief, the Federal Government is expected to announce a debt renegotiation plan for Rio de Grande do Sul, and Congress is preparing for the Working Groups on Tax Reform regulation
BRAZIL POLITICS · Report · 13 May 2024
Last week, the government reached an agreement on payroll tax relief for 17 sectors of the economy. Because the matter has gone to court, it needs to be approved by the Supreme Federal Court (STF). Regarding the state of public emergency in Rio de Grande do Sul (RS), the Federal Government is exp...
Congress overrode most of Lula’s vetoes to the Budget, Lula’s veto on the Betting Law was also overridden, and Haddad announced an agreement on the payroll tax relief issue
BRAZIL POLITICS · Report · 10 May 2024
The Plenary of the Congress overrode most of President Lula's vetoes to the 2024 Budget Law, increasing the value of permanent committee funds by R$4.2 billion—from R$11 billion to R$15.2 billion. Legislators also overrode Lula’s veto on the Betting Law, specifically the section on how Income Tax...
The Copom reduced the Selic by 0.25 percentage points, the Senate approved the new DPVAT, and Congress will analyze two bills to direct resources to Rio Grande do Sul
BRAZIL POLITICS · Report · 09 May 2024
Yesterday, the Central Bank's Monetary Policy Committee (Copom) reduced the basic interest rate (Selic) by 0.25 percentage points, interrupting a cycle of six consecutive cuts of 0.50 pp. The Selic fell from 10.75% to 10.50% per year. The Senate approved the new mandatory insurance policy for veh...
Pacheco enacted the Legislative Decree that recognizes the state of emergency in RS, new polls on government ratings were published, and the Copom should announce the new basic interest rate today
BRAZIL POLITICS · Report · 08 May 2024
Last night, the president of the National Congress, Rodrigo Pacheco (PSD-MG), enacted the Legislative Decree Bill that recognizes a state of public emergency in Rio Grande do Sul (RS) until December 31. Yesterday, another poll on the government’s ratings was published—the CNT/MDA poll. As other i...