Haddad met with congressional leaders to discuss the IOF tax increase, the Senate approved the bill that grants a salary increase to federal servants, and the Senate also approved advertising restrictions on “bets”

BRAZIL POLITICS - Report 29 May 2025 by Murillo de Aragão and Cristiano Noronha

Finance Minister Fernando Haddad met yesterday with the President of the Lower House, Hugo Motta, the President of the Senate, Davi Alcolumbre, and party leaders. Despite pressure from Congress, according to Haddad, there is no alternative to the IOF decree at this time. On Wednesday, May 28, the Senate approved the bill that restructures certain public service careers and increases public servants’ salaries. The text now heads to President Luiz Inácio Lula da Silva for signing. The Senate also approved restrictions on advertising for fixed-odds betting, commonly known as “bets.” Among the restrictions is a ban on advertisements or publicity campaigns involving athletes, artists, media personalities, influencers, or public authorities.

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