Senate approves base text of the bill that provides for fiscal adjustment of up to R$ 60 billion
Presented the day before, the proposal expands mechanisms to contain expenses and increase revenue
TL;DR
- The Senate approved the base text of a bill for fiscal adjustment, potentially saving up to R$ 60 billion by 2027.
- Measures include reducing real public spending growth from 2.5% to 2% annually and cutting tax benefits for companies by an additional 10%.
- The bill limits tax compensations used by companies and changes the calculation of resources for health by excluding oil export taxes.
- It also sets a 120-day deadline for Congress to regulate high public sector salaries, with projected savings of R$ 3 billion.
- The proposal allows for the de-linking of up to 40% of financial surpluses from certain sources, excluding specific constitutional obligations like health and education.