Anti-dumping measures create a “cushion” to enable an increase in the spending limit in the fiscal framework
Brasilia – the National Conference The federal government’s estimated revenues increase by R$12.3 billion in the 2026 budget, creating a cushion for increased expenditures in an election year. Income report budget It was approved on the third Wednesday by the Mixed Budget Committee (CMO).
In practical terms, this increase provides additional space in the fiscal framework’s spending limits Approved in the proposed amendment to the Constitution (PEC) of the State of Precatorio. The General Authority for Expenditures has raised the spending ceiling, but it can only be used with sufficient revenues.
When the government of President Luiz Inacio Lula da Silva sent the 2026 budget to Congress, the estimated revenue was R$3.2 trillion, but some of the revenue was based on uncertain measures.
One of the proposals that was not approved was an alternative temporary measure to a larger increase in the tax on financial operations (IOF), which would increase taxes on financial investments and bets and limited tax offsets, generating revenues of R$20 billion.
Despite the representative’s refusal, Congress increased revenue estimates, re-engineered accounts for next year while addressing other proposals. In addition, the executive announced a plan to raise an additional R$14 billion through trade defense measures.
The trade defense measures are the biggest new thing the government is proposing and Congress is including in the revenue report to make the collection “cushion” viable. Measures Anti-dumping Applicable laws include taxes on imported products with the aim of protecting the national industry, including the chemical and mineral sectors.
The government expected to collect R$20.9 billion from IOF MP in 2026. When recalculating, the revenue report retained part of this collection, with R$10 billion from PIS/Cofins compensation, Who joined another projectalready approved, 4 billion Brazilian reais with increased taxes on betting and financial technology, Included in text that is still in progressand R$1.94 billion with IOF tax collection performance above expectations.
Congress also added R$3.7 billion to the estimates with changes to the oil reference price to pay royalties, Approved in the interim measure for the electricity sector. On the other hand, revenue estimates decreased by another R$430 million due to the Special Chemical Industry System (Reiq), proposed by the Executive Branch.
Taking into account constitutional and legal transfers to states and municipalities, the increase in total revenue amounts to R$ 13.2 billion in the budget. “We seek to maintain the credibility of the estimates, avoiding artificial optimism and unnecessary pessimism,” said Budget Revenue Rapporteur, Senator Professor Dorinha Seabra (Uniao-TO), during the voting meeting.
to conditionThe senator confirmed that the changes were made in agreement with the government. There is no decision on what will be done with the additional R$12 billion in the budget. In practice, this amount is part of the total expenditure limit and can cover various expenses, including projects of interest to executive and parliamentary reshuffles.
Planning and Budget Minister Simon Tippett said the government needs space to cover, for example, the increase in expenses it will incur with maternity pay for self-employed workers, following the Federal Supreme Court (STF) decision.