Lula’s Team Files Spending Breach Bill as Brazil Talks Loom
- President-elect’s first bill seeks to guarantee extra spending
- Proposal requires ample consensus in congress before Dec. 22
Luiz Inacio Lula da Silva
Photographer: Zed Jameson/BloombergThis article is for subscribers only.
Brazil’s incoming government is seeking to exempt the equivalent of 175 billion reais ($32.6 billion) per year from the country’s fiscal cap to spend it on social programs through 2026, according to a constitutional reform proposal filed in congress late Monday.
The bill, formally introduced by Senator Marcelo Castro, is the opening salvo in what’s expected to be a long political debate about how much the government that takes over on Jan. 1 will get to spend to fulfill its campaign pledges.