The revised budget bill for Brazil indicates a 15 billion reais primary surplus, up from 3.7 billion, owing to improved revenue projections. Changes have been made to accommodate higher social security spending and lower Bolsa Familia expenditures. The delayed approval reflects ongoing challenges with Congress under President Lula’s administration.
Brazil’s budget bill for 2025 now anticipates a primary surplus of 15 billion reais (approximately $2.66 billion), an increase from the initial proposal of 3.7 billion reais presented by the government. This revision, introduced by Senator Angelo Coronel, is scheduled for a vote in a joint budget committee and will subsequently be presented to the full Congress.
In summary, the revised budget reflects an optimistic revenue forecast and incorporates federal government recommendations. The new fiscal framework aims to balance spending while addressing social security needs, amid ongoing legislative challenges for President Lula’s administration.
Original Source: money.usnews.com
