Congress approved the Budget Guidelines Law, the House approved the edits to the fiscal package, and the Senate may analyze the fiscal package today

BRAZIL POLITICS - Report 19 Dec 2024 by Murillo de Aragão and Cristiano Noronha

Yesterday, the National Congress approved the 2025 Budget Guidelines Law. The text maintained the fiscal target of a zero deficit for 2025, with a tolerance margin of 0.25% of GDP. Regarding the package, yesterday the House concluded the edits to the supplementary bill (PLP) for the fiscal package. To expedite the vote, the government reached an agreement with the opposition and accepted the proposed changes that were set to be discussed. The expectation is that the fiscal package will be finalized in the House today. House President Arthur Lira has scheduled a session for this morning. If everything goes as planned, the Senate could analyze the fiscal package measures later today.

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