“President is listening to his ministers and will make the decision,” said the head of the economic team
The Minister of Finance, said on Friday (27.jun.2025) that he expects a determination of the President (PT) to judicialize the overthrow of the decree of the IOF (Tax on Financial Operations).
Lula already taking the action to the (Federal Supreme Court). Earlier, the AGU (Union General Advocacy) had said that he requested information from the economic team on the subject.
“President is listening to his ministers and will make the decision. I don’t have the information if he has already made […] Let’s wait 1st the decision of the president ”Haddad told journalists after attending an event at USP (University of São Paulo).
(25.JUN) In the Senate in symbolic vote, that is, without nominal counting of the votes. Rather, votes in favor and 98 against.
The Lula government wanted to get the measure to strengthen the collection and avoid budget freezes. Congress and the business community reacted mass against the determination.
Now, the Planalto Palace will argue that deputies and senators have acted unconstitutionally and that there was no exorbitant value in the taxes proposed by the Minister of Finance.
The IRS estimates that the text for the Treasury coffers in 2025. With the overthrow, it should be close to zero.
The fact that the vote to overthrow the IOF has been expressive gives Congress the argument that the judiciary should not interfere with this type of subject.
On the government side, the justification is that it is exclusively for the executive to define tax rates and congressmen extrapolated their power in overthrowing presidential decrees.
