Recently published measure, it generated dissatisfaction in both the National Congress and between representatives of private initiative, who see the increase as an obstacle to economic growth
In recent days, and have gathered to discuss the possibility of overturning the presidential decree that increased the financial operations tax (). This increase directly impacts the purchase of foreign currency, sending resources abroad, private pension and obtaining credit by companies. The recently published measure has generated dissatisfaction both in both representatives of private initiative, who see the increase as an obstacle to economic growth.
In an attempt to resolve the impasse, the Minister of Finance, met with the presidents of the House, and Senate, David Alcolumbre. During the meeting, both leaders made it clear that Congress is not willing to pass any tax increase and consider the possibility of overthrowing the presidential decree. Haddad, in turn, argued that the increase in IOF is necessary, justifying that the expected resources, in the order of billions of reais, are essential for the functioning of the public machine.
Despite the justifications presented by the minister, the National Congress was not convinced and established a period of ten days for the government to present an alternative solution that does not involve the increase in taxes. This deadline puts pressure on the federal government, which needs to find a way to balance public accounts without further burden the taxpayers. The expectation is high on what will be the government’s position at the end of this period.
Meanwhile, the pressure by an alternative continues to grow, with various sectors of society manifesting itself against the increase in IOF. The situation places the government in a delicate position, having to deal with the dissatisfaction of Congress and the population, while seeking to maintain fiscal stability. The outcome of this impasse will be crucial to define the direction of the country’s economic policy in the coming months.
*With information from André Anelli
*Report produced with the aid of AI
