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July 12, 2022
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Congress approves basic text of LDO 2023

Congress overturns veto on Aldir Blanc and Paulo Gustavo laws

The National Congress approved today (12) the basic text of the Draft Budget Guidelines Law (LDO) of 2023. The text was approved after the removal of the provision that provided for the mandatory execution of the so-called rapporteur’s amendments (RP9), which total R$ 16.5 billion in this year’s Budget, but may reach R$ 19 billion next year.Congress approves basic text of LDO 2023

There were 324 votes in favor against 110, in the Chamber of Deputies, and 46 votes in favor against 23, in the Federal Senate. Parliamentarians now vote on the highlights of the text.

The LDO determines the goals and priorities for public spending and provides the parameters for the elaboration of the budget bill for next year.

The project presented by the government predicts that next year the public accounts of the Central Government (National Treasury, Social Security and Central Bank) should close 2022 with a primary deficit of up to BRL 65.91 billion and a minimum wage of BRL 1,294 for the year. next.

The primary deficit represents the result of government accounts disregarding the payment of interest on the public debt.

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