The expectation was that the theme would be voted only in mid -July, before the recess
The Mayor, (Republicans-PB), guided to this Wednesday (25.JUN.2025) the vote of the PDL (Legislative Decree Project), which revokes the decree of the government that increased the IOF (Tax on Financial Operations). Motta the agenda on its X profile at 11:35 pm on Thursday (24.Jun).
The expectation of the deputies was that the proposal would only be analyzed in mid -July. The Chamber is emptied because of the St. John’s parties. Many northern and northeast politicians have returned to their strongholds. Motta himself has photos and videos of the parties in Paraíba, his home state.
The PT leader in the House, Deputy (PT-RJ), is surprised by Motta’s decision. He questioned the fact that the session that will analyze the theme is not in person: “In virtual session? This is a matter too serious for the country.”
346 votes against the government
On June 16, the deputies approved, by 346 votes to 97, the urgent request for the PDL.
Motta had ruled the urgency after the executive published one and, not its entirety. There was dissatisfaction in Congress.
Among MP measures, the government wants to tax investments today, such as:
- LCA (Agribusiness Credit Letter);
- LCI (Real Estate Credit Letter).
No climate for MP
Congressmen of opposition to the President (PT) speak of returning the text to the government.
One of the possibilities considered to compensate for losses with the IOF decree would be to use the dividend reserves of (R $ 10.3 billion), (R $ 2.5 billion) and (R $ 16.1 billion).
Gleisi and the governors have said that if the decree is even overthrown and the MP rejected, one of the solutions would be to contingent on the amendments of the congressmen. The decision tends to further deteriorate the relationship between the government and the congress.
Impact on public accounts
The Ministry of Finance did not disclose an official estimate of how much it expected to raise the new IOF decree. Haddad has already signaled that it should be around $ 6 billion to $ 7 billion in 2025.
If there is no compensation, it means that the government will have less money to play the public machine. Will have to increase budget restrictions.
The economic team tried to sell the idea that any budgetary containment could impact the functioning of the government.
During the negotiations, they told congressmen that they could have effects on the amendments paid to deputies and senators.
