Fiscal policy

BRAZIL POLITICS - Report 16 Aug 2017 by Murillo de Aragão and Cristiano Noronha

The government announced on August 15 the new fiscal targets for 2017 (from a deficit of R$ 139 billion to R$ 159 billion) and 2018 (from R$ 129 billion to R$ 159 billion), in addition to measures that aim to reduce spending, including the postponement (for one year) of salary increases for civil servants and a monthly salary cap for government employees that cannot surpass the R$ 33,400.00 paid to ministers of the Federal Supreme Court (STF).

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