Joint Budget Committee begins discussing PLOA 2026 | Policy

Parliamentarians are currently discussing the text in collegial proceedings, after reading the rapporteur’s report. He is expected to present additional votes to account for last-minute changes.

As shown in Value Earlier, the opinion presented by Bulhões forecasts a primary surplus of 34.5 billion reais for the central government in 2026, thus achieving the budgetary target, which is a positive result of 34.3 billion reais, as established in the Budget Guidance Bill (PLDO) approved by Congress earlier this month. The value, however, does not take into account approximately 57 billion reais of expenses that will be made outside the calculation of the main result.

The spending ceiling for next year will be 2,393 billion reais, all powers combined. In the case of the Executive, this limit will be R$2.298 billion, readjusted according to the rules established in the fiscal framework and in accordance with the constitutional amendment approved this year which excluded from this ceiling expenses related to judicial orders and small value requisitions (RPV), which generated a gain of R$13.8 billion for public spending.

The use of this budgetary margin was made possible by the growth in the government’s net revenue estimate, to 13.2 billion reais, according to the government revenue report. PLOA 2026. This value includes the additional 14 billion reais expected to come from trade defense measures, which are expected to include an increase in the import tax next year, in addition to other measures studied by the economic team, according to the report. Value.

The upward reestimation of revenues was a way that the Government and Congress found to present a budget proposal that would accommodate the reserve for the commission’s amendments, at R$12.1 billion, and R$4.9 billion for the Electoral Fund and, despite this, predict a surplus result for the public accounts. The budget proposal sent by the government included no reservations for committee amendments and allocated only one billion reais to the Electoral Fund.

49.9 billion reais in parliamentary amendments

Compared to parliamentary amendmentsPLOA 2026, in the form of the report presented by Bulhões, provides R$26.6 billion for individual amendments, R$11.2 billion for pending amendments (after some exclusions) and R$12.1 billion for committee amendments, for a total of 49.9 billion reais in the resources reserved for parliamentarians.

The health investment floor for 2026 was forecast at 247.5 billion reais, a value equal to 15% of projected net revenues for the year. However, the report presented by Bulhões predicts that 254.9 billion reais will be invested in health stocks next year, slightly above the established minimum.

In the case of education, the floor for 2026 is R$135.6 billion and, according to the notice, expenditures of R$200.5 billion are expected for this item.

THE Budget This also implies a minimum level of public investment which, according to the budgetary framework, must represent at least 0.6% of gross domestic product (GDP) estimated in the budget document. For 2026, the GDP estimated in the PLOA corresponds to 13.8 trillion reais, so the value of the investment floor is at least 83 billion reais. In the proposal, this value is exceeded, reaching R$110.8 billion, including forecasts for investments in housing programs.