With this update, the new estimate totals R$2.930 trillion, which represents a growth of 0.8% compared to the initial proposal presented by President Lula
The Mixed Budget Committee (CMO) of the National Congress approved an increase of R$22.5 billion in the Union’s primary revenue forecast for the 2025 Budget. With this update, the new estimate totals R$2.930 trillion, which represents a growth of 0.8% compared to the initial proposal presented by President Luiz Inácio Lula da Silva. This adjustment in projections is attributed to the growth of the Brazilian economy and the need to align estimates with the measures being discussed in Congress. The government’s proposal included R$25.8 billion in revenue that depends on the end of the payroll tax exemption in 2024, a measure that was extended, resulting in a decrease of R$18.8 billion in the revenue forecast.
The CMO rapporteur also reviewed the revenues that depend on the approval of proposals linked to the Social Contribution on Net Profit (CSLL) and Interest on Own Capital (JCP), reducing them by R$13.4 billion. This change reflects the perception that collection at the initially projected values is not viable.
In addition to the reductions, the new estimate includes an increase of R$16.8 billion in revenue, resulting from the decision to postpone the deduction of defaulted credit until 2026. On the other hand, there was a decrease of R$2.3 billion in revenues, adjusting the forecast depending on other measures that are under discussion in the legislature.
Published by Felipe Dantas
*Report produced with the help of AI
