The IOF decree continues to cause friction within the government, the Lower House should discuss the Propag program for Minas Gerais, and Bolsonaro’s allies continue to clash with the Supreme Federal Court (STF)

BRAZIL POLITICS - Report 27 May 2025 by Murillo de Aragão and Cristiano Noronha

The government’s decision to raise the IOF tax continues to generate friction and reactions from all sides. Hugo Motta indicated that he will bring to discussion, in the Lower House leadership meeting, a legislative decree proposal to suspend President Lula’s decree that increases the IOF. This afternoon, the Lower House Finance and Taxation Committee will hold a public hearing with Treasury Secretary Rogério Ceron to discuss the State Debt Full Payment Program (Propag) in Minas Gerais. Clashes between Bolsonaro allies and the Supreme Federal Court (STF) have resurfaced after STF Justice Alexandre de Moraes authorized licensed Federal Deputy Eduardo Bolsonaro (PL-SP) to provide written clarification in an investigation against him for allegedly coercing Supreme Court justices in the United States.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.