The high level comes at the same time that the Lula government is rushing to approve fiscal adjustment measures and the 2025 Budget project
The commercial dollar renewed its record and closed this Wednesday (Dec 18, 2024) at R$ 6,27which represents an increase of 2.82%. This is the 5th elevation in a row.
The high level occurs at the same time as the president’s government Luiz Inácio Lula da Silva (PT) rush to approve fiscal adjustment measures and the 2025 Budget project. The legislative recess officially begins on Monday (Dec 23), but deputies and senators must leave Brasília before then, because of the weekend.
In practice, there is less than a week to vote on measures of interest to the government, such as the tax package. When detailing the fiscal package on November 28, the impact estimated by the economic team was for 2025 and 2026. The projection for the next 6 years is .
The Minister of Finance, , said this Wednesday (18.10) that he believes that the “settle in”. In an interview with journalists, he stated that the federal government has played its role in sending measures that limit the growth of public expenditure.
“I have talked a lot with financial institutions [sobre a] inflation forecast for next year, exchange rate forecast for next year. So far, in conversations with large institutions, the forecasts are better than what speculators are making”these.
