The Joint Budget Committee will vote on the report on Wednesday, the government should send a bill exempting individuals earning up to R$ 5,000 from income tax, and the Monetary Policy Committee will meet this week to decide on the interest rate

BRAZIL POLITICS - Report 17 Mar 2025 by Murillo de Aragão and Cristiano Noronha

The Joint Budget Committee will meet on Wednesday (March 19) to vote on Senator Angelo Coronel's (PSD-BA) report on the 2025 Federal Budget. Tomorrow, the government is expected to send Congress a bill exempting individuals earning up to R$ 5,000 from income tax (IR). Currently, only those earning up to R$ 2,259.20 are exempt. The Central Bank's Monetary Policy Committee (Copom) will meet on Tuesday and Wednesday to decide on the benchmark interest rate (Selic), currently at 13.25% per year. Expectations point to an increase to 14.25%.

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