Good morning! Today, after major delays this year, the 2022 budget process is already underway. A highly-anticipated testimony in Brasília. The lasting effects of Operation Car Wash on the construction sector.
Brazil gets to work on next year’s budget
Congress is set to create its Joint Budget Committee to begin drafting the guidelines for the 2022 federal budget. Made up of 30 representatives and ten senators, the committee is in charge of analyzing the so-called budget guidelines law (LDO), proposed by the government.
Why it matters. The 2021 budget was only approved in April of this year, which prevented...