The government’s proposal should advance next week, under the report of Mauro Benevides (PDT-CE)
The rapporteur of the Budget Guidelines Law (LDO), Gervásio Maia (PSB-PB), predicts that the vote on the project will only take place in December. The deputy, as well as the government, are awaiting approval of the last project that could still yield almost R$20 billion, the cut in federal tax incentives for companies.
The amount is considered essential for the government to increase the chances of reaching the fiscal target in 2026. The center of the target for next year is R$34 billion, but the LDO must guarantee the government the right to stay at the target floor, with zero deficit.
The Ministry of Finance project, signed by the government leader, José Guimarães (PT-CE), foresees a linear cut of 10% in tax discounts granted to all companies in the country. The text must be attached to the proposal on the same topic, proposed by Representative Benevides, which foresees two cuts: 5% in 2026 and 5% in 2027.
Benevides wants to vote on his report next week, in the Chamber’s Finance and Taxation Committee. Next, the proposals must go through the Constitution and Justice Committee, before going to the plenary.
Mauro Benevides said he is open to making changes to the matter when the discussion leaves the committees.
The rapporteur also considers adding to the same matter the proposal that provides general rules for granting new tax incentives, authored by senator Esperidião Amim (PP-SC), and reported in the Chamber by deputy Aguinaldo Ribeiro (PP-PB).
With less pressure for a surplus, the Ministry of Finance may give up on the project that would increase taxes on Bets, fintechs and JCP (Interest on Own Capital) to make up the budget. Haddad said this Wednesday that a similar proposal, reported by Renan Calheiros (MDB-AL), in the Senate, would generate only R$5 billion for the government, without causing major gains to the budget.
The initial forecast, when the LDO arrived at the National Congress, was approval in September. But the weakening of the government base, with subsequent defeat in the Chamber, which overturned the provisional measure that could yield up to R$35 billion for the government, led to postponements.
*This text does not necessarily reflect the opinion of Jovem Pan.
