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COUNTRY INSIGHTS

Important bills were put to a vote in Congress yesterday, the STF will adjudicate the lifetime review of the INSS today, and the Central Bank will announce the basic interest rate today
BRAZIL POLITICS · Report · 20 Mar 2024

Important bills were put to a vote in the House and Senate yesterday. The Senate Plenary approved a bill that creates the National Circular Economy Policy, to encourage more conscious use of resources and prioritize renewable products. In the House, bills were approved that amend the Civil Code t...

Four bills submitted by the government begin to block the agenda in the Lower House, the deadline to submit bills on income taxation and payroll tax ends today, and Haddad meets with Juscelino Filho to discuss import taxes
BRAZIL POLITICS · Report · 19 Mar 2024

Today, four bills submitted by the Executive Office with a constitutional urgent status begin to block the agenda of the House. The first is the bill that establishes tax and customs compliance programs within the scope of the Federal Revenue Service. Also today, the 90-day deadline for the gover...

Government re-assessment and other weekly topics
BRAZIL POLITICS · Report · 18 Mar 2024

President Lula holds the first ministerial meeting of 2024. In the STF, the highlight is the judgment on the review of pensions. The government publishes a revenue and expenditure report for the first two months of the year. The Central Bank will decide on the basic interest rate. This week's ...

Lula will hold the first ministerial meeting of 2024 today, three bills submitted by the government should be put to a vote this week, and the STF should analyze the lifetime review of the INSS case
BRAZIL POLITICS · Report · 18 Mar 2024

This morning President Lula meets with his ministerial team. Recent polls show the deterioration of the President's image and the ratings of his government. Three bills from the Executive Office with constitutional urgent status begin to block the agenda of the House tomorrow. On Wednesday, March...

Lula will hold the first ministerial meeting of 2024 on Monday, three bills submitted by the government should be put to a vote next week, and the STF is expected to analyze the case of the lifetime review of the INSS
BRAZIL POLITICS · Report · 15 Mar 2024

President Lula will hold the first ministerial meeting of 2024 on Monday, March 18. The meeting was motivated by the drop in popularity recorded by opinion polls published a few days ago (Atlas, Genial/ Quaest, and IPEC). Next week, starting on March 19, four bills that have an urgent status in t...

Haddad canceled his trip to Berlin because of the ministerial meeting on Monday, Tarcísio met with Haddad to discuss São Paulo’s federal debt, and the bill on electronic gambling was approved in the Senate
BRAZIL POLITICS · Report · 14 Mar 2024

The Minister of Finance, Fernando Haddad, was going to participate in the 10th Edition of the Berlin Energy Transition Dialogue next week. However, he decided to cancel his trip because there will be a ministerial team meeting on Monday, March 18. Yesterday, the governor of São Paulo, Tarcísio de...

The House approved a bill that increases the income tax exemption limit, the STJ may adjudicate the case on the calculation of the ICMS, and the Comsefaz will meet to discuss the ICMS rate
BRAZIL POLITICS · Report · 13 Mar 2024

Yesterday, the House approved a bill that makes it possible to exempt individuals from the Income Tax (IRPF) on amounts up to two minimum wages (R$2,842.00). The measure is included in Bill 81/24, which will now be sent to the Senate. Also today, the 1st Section of the Superior Court of Justice (...

Lira will meet with party leaders to discuss the agenda, the president of Petrobras met with Lula to discuss dividends, and Lula has called for price reductions for electricity and food
BRAZIL POLITICS · Report · 12 Mar 2024

The president of the House, Arthur Lira, meets with party leaders today to discuss the week's agenda. Two themes may be on the agenda: bills on energy transition and fuel of the future. Yesterday, the president of Petrobras, Jean Paul Prates, had a meeting with President Lula, the Minister of Fin...

Lula's challenges and other weekly topics
BRAZIL POLITICS · Report · 11 Mar 2024

The government may submit a new bill to Congress on the Perse program and payroll tax relief for municipalities. The STJ should adjudicate the inclusion of energy tariffs in the calculation of the ICMS. Mauro Vieira talks about the government's foreign policy. This week's Talking Points: ...

Polls reflect drop in government’s approval ratings, the House continues to elect presidencies of the permanent committees, and the STJ may adjudicate the case on the calculation of the ICMS tax
BRAZIL POLITICS · Report · 11 Mar 2024

Last week, polls from three institutes (IPEC, Atlas, and Quaest/Genial) showed a drop in the government's ratings and raised concerns, especially due to the upcoming municipal elections. With this, President Lula is expected to hold a ministerial meeting next Monday, March 18. Also this week, the...

Lula’s approval ratings have dropped below 50%, the government should submit a bill next week on the Perse program, and the STJ will adjudicate a case on the calculation of the ICMS tax
BRAZIL POLITICS · Report · 08 Mar 2024

For the first time since the beginning of his term, the majority of Brazilians do not approve of the Lula government. Approval fell from 52% in January to 47% in March. Next week, the government should submit a bill to Congress that deals with the Emergency Program for the Resumption of the Event...

The House elected presidents of the permanent committees, Haddad meets with governors to discuss the Fiscal Recovery Regime, and the government’s approval rating drops
BRAZIL POLITICS · Report · 07 Mar 2024

Yesterday, the House began the election process for the permanent committees of the House. The presidents of 19 of the 30 committees were elected. Deputy Caroline de Toni (PL-SC) was elected president of the Constitution and Justice Committee (CCJ). The Minister of Finance, Fernando Haddad, met w...

Haddad is expected to submit a bill on Perse and the payroll tax reduction for municipalities, mayors hold a demonstration in Brasilia in defense of payroll tax reductions, and Lula will meet with the governor of Minas Gerais
BRAZIL POLITICS · Report · 06 Mar 2024

Yesterday, the Minister of Finance, Fernando Haddad, said that he will send a bill to Congress on the Emergency Program for the Resumption of the Events Sector (Perse) and the payroll tax exemption for municipalities. The submission should take place next week. Today, the National Confederation o...

Lula will meet with Senate leaders today to improve their relationship, the Ministry of Finance discusses Tax Reform regulation, and there is a new conflict between the Central Bank and the PT
BRAZIL POLITICS · Report · 05 Mar 2024

Today, President Lula will meet with the president of the Senate, Rodrigo Pacheco (PSD-MG), and party leaders. The objective of the meeting is to improve the relationship between the Executive Office and the National Congress. Yesterday, Minister Fernando Haddad said that the government's idea is...

Nods to opposing sectors and other weekly topics
BRAZIL POLITICS · Report · 04 Mar 2024

President Lula will meet with party leaders in the Senate. Mayors demonstrate in Brasília in defense of payroll tax relief for municipalities. The BC outlines its regulatory priorities for 2024. This week's Talking Points: * After crises, the União Brasil has new leaders. * ...

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