Power

Bolsonaro to sign off on problematic but ‘feasible’ budget

Bolsonaro must ratify or veto the controversial 2021 budget proposal today. Experts warn that the plan is not up to transparency standards

Bolsonaro to sign off on problematic but 'feasible' budget
President Jair Bolsonaro in the congressional galleries. Photo: Isac Nóbrega/PR

On the eve of President Jair Bolsonaro’s deadline to sign off on this year’s federal budget proposal, the government and Congress came to an agreement to settle the long-running imbroglio around this year’s financial plan. Considered “unworkable” by specialists, the original budget proposal approved by the lower house last month could put Bolsonaro at risk of impeachment for breaking fiscal rules.  

This week, Congress approved changes to the 2021 budget plan, decoupling all pandemic spending from Brazil’s federal spending cap, which could amount to over BRL 100 billion (USD 18.2 billion). According to Economy Minister Paulo Guedes, the government...

Access all of The Brazilian Report
Start your 7-day free trial.
Free trial