Meeting of the Chief Executive and the President of the Senate will be at 9 am; The expectation is that they will discuss spending cuts
The president (PT) summoned the president of the Senate, (PSD-MG), to a meeting at Palácio do Planalto on Wednesday (13.nov.2024). The meeting is scheduled for 9am.
The agenda for the meeting was not disclosed. It is expected, however, that the head of the Executive will negotiate the review of public expenditure with the president of the Upper House.
The Minister of Finance, Fernando Haddad, has already said that he would meet before the package was made official with Lira and Pacheco. According to the Poder360no meeting has been held so far.
On the night of this Tuesday (12.nov), however, the president of the Chamber of Deputies, (PP-AL), who did not receive “no call” government to discuss the cuts package. THE Poder360 found that, for now, no meeting is planned.
At the beginning of the week, the head of Finance said that the progress of discussions on the package to review public spending still depends on a meeting with authorities on Wednesday (Nov 13).
The main target is the military pension system. According to a document from the Federal Court of Auditors sent to Congress in June this year, the SPSMFA (Social Protection System for Military Personnel of the Armed Forces) .
CUTTING EXPENSES
The measures are resisted by the political wing of the government. The Finance Minister has been pressured to deliver the set of actions. and the government’s support base on the topic.
The economic team is studying reviewing expenses with the BPC (Continuous Payment Benefit), Fundeb (Fund for Maintenance and Development of Basic Education and Valorization of Education Professionals), unemployment insurance and salary bonus. Read the infographics that show the evolution of expenses in recent years.
For financial agents, the measures are necessary to provide sustainability to the fiscal framework – the law that replaced the spending ceiling in 2023. Market estimates indicate that the federal government will not meet the targets in 2024, 2025, 2026 and 2027.
