Home Politics Congress Brazil’s new budget targets approved at congressional committee

Brazil’s new budget targets approved at congressional committee

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External of Brazilian Nacional Congress

The joint congressional Budget Committee approved late on Tuesday evening the project that changes the fiscal goals of 2017 and 2018.

Brazil’s government proposed earlier this month a new primary deficit target of 159 billion reais ($50 billion). The new fiscal goal for this year will jump from R $ 139 billion to R $ 159 billion. The deficit ceiling on public accounts for 2018 will also be expanded for the same value – against the R $ 129 billion previously proposed.

The parliamentarians rejected in block all the 17 highlights presented to the project. With this, the text proposed by the Government and endorsed by the rapporteur, the deputy Marcus Pestana, was maintained. The expectation is that the plenary of the National Congress vote the matter this Wednesday August 30th.