Lula says the fiscal target depends on the approval of the government’s proposals in Congress, the question is whether the government will maintain the zero-deficit target, and tomorrow is a federal holiday

BRAZIL POLITICS - Report 01 Nov 2023 by Murillo de Aragão and Cristiano Noronha

During the meeting with the Minister of Finance, Fernando Haddad, party leaders, and other ministers, President Lula made some important points, namely that the fiscal target for next year depends on the National Congress’s approving the measures sent by the government to increase revenue by the end of the year. Lula does not intend to make additional efforts beyond these measures. Now, the question is whether the government will maintain the zero-deficit target or change it to 0.25% or 0.50%. A target with a deficit of 0.25% is the minimum defended by the political wing.

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