Home Politics Congress Government will tighten expenditure rules for the 2018 budget

Government will tighten expenditure rules for the 2018 budget

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External of Brazilian Nacional Congress

The government begins the short week (holiday November 2) focused on completing details of the fiscal adjustment measures to the federal budget for 2018.

The new measures should be sent to Congress on Monday (Oct.30), most of them through Provisional Measures.  Politicians, including from the government’s own support base (including the House of Representatives president, Rodrigo Maia) have said they would prefer that the measures be presented as bills.

Among the changes to be proposed are the postponement of the civil servants  wage increase s(economy of R $ 5.1 billion – US $ 1.8 billion), restructuring of the Executive branch’s functional careers (economy over the next five years of R $ 18.6 billion – US $ 5.75 billion) and new taxation of investment funds (R $ 6 billion – US $ 1.85 billion).