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Lula and Xi Jinping sign various bilateral agreements, the PT requested the shelving of the January 8 amnesty bill, and the CCJ will hold another public hearing on Tax Reform
BRAZIL POLITICS · Report · 21 Nov 2024

Yesterday, Presidents Lula and Xi Jinping signed a joint declaration after their countries concluded 37 bilateral agreements. Yesterday, the Workers' Party (PT) submitted a request to the President of the Lower House, Arthur Lira (PP-AL), to shelve the bill that would grant amnesty to those convi...

The Senate voted on the new rules for the parliamentary fund transfers, the House approved the bill on the Brazilian Payment System, and discussions on Tax Reform are ongoing
BRAZIL POLITICS · Report · 19 Nov 2024

The Senate concluded yesterday the vote on the complementary bill that defines new rules for parliamentary fund transfers. The text will now have to go through further analysis in the Lower House. Yesterday, the House approved a bill redefining the rules for the operation, supervision, and risk m...

Upcoming webinar - Brazil political landscape and outlook
BRAZIL POLITICS · Report · 19 Nov 2024

What are the consequences of the explosion at the Brazilian Supreme Court? How will Haddad’s battle for spending cuts play out? What can be expected from the upcoming legislative and political agenda? Join us for our live Zoom Webinar featuring GlobalSource Partners' Brazil Political Analyst L...

Fiscal measures under review and other weekly topics
BRAZIL POLITICS · Report · 18 Nov 2024

The government is finally expected to announce fiscal adjustment measures between Thursday and Friday, November 21 and 22. President Lula will attend the G20 meeting in Rio de Janeiro on Monday and Tuesday, November 18 and 19. On Wednesday, November 20, Xi Jinping will pay an official visit to Br...

Lula will participate in the G20 meeting in Rio, he is expected to meet with Chinese President Xi Jinping on Wednesday, and the market awaits the announcements of the fiscal measures
BRAZIL POLITICS · Report · 18 Nov 2024

President Lula will participate this Monday and Tuesday in the G20 meeting in Rio de Janeiro. On Wednesday, November 20, he is expected to meet with Chinese President Xi Jinping in Brasília. In the market, all eyes are on the announcement of measures related to the fiscal adjustment package. Some...

One dead after bombing in front of the STF, the government is concerned about the approval of Tax Reform regulation by the end of the year, and the bill on parliamentary fund transfers should be put to a vote next week
BRAZIL POLITICS · Report · 14 Nov 2024

Regarding the explosions that occurred yesterday (November 13) in Brasília (DF), at the Praça dos Três Poderes, leaving one man dead, it is worth noting that, instead of invoking fear, it rekindles a sense of unity among the branches of government and authorities in defense of democracy, reminisc...

A new poll shows the government’s disapproval rating has reached the highest level yet, the market awaits the announcement of the fiscal package, and Senator Barros made changes to the carbon credit bill
BRAZIL POLITICS · Report · 13 Nov 2024

Yesterday, CNT/MDA released a government approval rating poll. Disapproval of the government has reached its highest level since Lula began his third term. In May 2023, it was at 35% and has now risen to 46%. Meanwhile, the market awaits the announcement of the fiscal adjustment promised by the g...

Haddad will meet with Lula to discuss the fiscal package, Deputy Hilton’s proposal on working hours is gaining attention, and the regulation of Tax Reform continues to be discussed in the CCJ
BRAZIL POLITICS · Report · 12 Nov 2024

The Minister of Finance, Fernando Haddad, stated that he will meet with President Lula today to discuss the progress of the fiscal package. According to him, the President requested the inclusion of another ministry in the fiscal effort. The initiative by the PSOL leader in the House, Deputy Erik...

Challenges surrounding the spending review package and other weekly topics
BRAZIL POLITICS · Report · 12 Nov 2024

The government is expected to send fiscal adjustment proposals to Congress. In the Senate, two important bills are on the agenda: the new rules for parliamentary fund transfers and the carbon market. Additionally, the Senate’s Committee on Constitution and Justice resumes public hearings on the t...

Negotiations on spending cuts continue, the bill on parliamentary fund transfers may be put to a vote, and the Senate CCJ will resume the public hearings on Tax Reform next week
BRAZIL POLITICS · Report · 08 Nov 2024

Negotiations around spending cuts continue today. President Lula is scheduled to meet this afternoon to discuss the spending cut package with government leaders. According to the government leader in Congress, Senator Randolfe Rodrigues (PT-AP), the bill regarding parliamentary fund transfers wil...

The Budget Execution Board meets to discuss the fiscal measures package, Lula said in an interview that the spending cuts cannot affect the most vulnerable, and there is also pressure to increase spending
BRAZIL POLITICS · Report · 07 Nov 2024

According to Finance Minister Fernando Haddad, the meeting to finalize fiscal measures has been scheduled for this morning. At that time, President Lula will meet with the ministers that comprise the Budget Execution Board (JEO). Yesterday, in an interview with Rede TV!, Lula stated that fiscal a...

Discussions continue on spending cut measures, more congressional caucuses announce their support for Hugo Motta, and the CCJ extended the discussion timeline on the Tax Reform regulation bill
BRAZIL POLITICS · Report · 06 Nov 2024 · 1 response

Internal discussions on spending cut measures continue. There is a chance these measures may be announced later this week. New congressional caucuses formally announced their support for Hugo Motta's (Republicanos-PB) candidacy yesterday: the PSB, PDT, and the PSDB/Cidadania federation. Together,...

Haddad is expected to announce a package of measures by the end of the week, negotiations continue on the parliamentary fund transfers bill, and the Senate may vote on the carbon market bill
BRAZIL POLITICS · Report · 05 Nov 2024

Yesterday, the Ministry of Finance released a statement at the end of the day, noting that during yesterday's meeting, the country’s fiscal situation was presented and understood, as well as the proposals under discussion. The measures are expected to be announced by the end of the week, although...

The uncertain path to 2026 and other weekly topics
BRAZIL POLITICS · Report · 04 Nov 2024

The House may vote on the bill regarding the new rules for the payment of parliamentary fund transfers. In the Senate, leaders are trying to reach an agreement on the carbon market bill. Elmar Nascimento may announce his withdrawal from the candidacy for the presidency of the House. The Central B...

Haddad canceled his trip to Europe, the Copom will meet to decide on the basic interest rate, and the House may vote on the parliamentary fund transfers bill
BRAZIL POLITICS · Report · 04 Nov 2024

Finance Minister Fernando Haddad, at President Lula’s request, canceled the trip he was scheduled to make this week to Europe. This has raised expectations that the fiscal package measures will be announced in the coming days. Amid fiscal uncertainty, the Central Bank’s Monetary Policy Committee ...

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