The Federal Government published this Thursday (12), in an extra edition of the Official Gazette of the Union, the Decree on Budgetary and Financial Programming (DPOF) for the 2026 financial year. The text establishes the monthly disbursement schedule and sets the commitment limits for the bodies of the Federal Executive Branch.
The objective of decree is to ensure that the execution of public expenditure throughout the year is aligned with the fiscal targets set out in the Annual Budget Law (LOA), sanctioned in January.
The decree complies with the Budget approved by Congress, without contingencies or blocking of funds. The temporary cuts to the Budget will only come after the Bimonthly Income and Expense Assessment Report, to be published at the end of March.
Edited in compliance with article 8 of Fiscal Responsibility Law (LRF), the decree obliges the Executive Branch to establish the budget programming and execution schedule within 30 days after publication of the LOA. As in previous years, this first decree deals exclusively with the initial organization of budget execution.
Limits of commitment
The decree also details the consolidated schedule of commitment limits throughout the year. The values, in billions of reais, are distributed as follows:
| Period |
Commitment limits (R$ billion) |
|---|---|
| Until March | 115.7 |
| Until November | 196.9 |
| Until December | 240.3 |
The commitment limits represent the ceiling on expenses that can be officially authorized (committed) by public bodies in each period. The schedule may be revised throughout the year, depending on revenue behavior and compliance with fiscal targets.
For now, the commitment limits follow the original Budget approved by Congress. Last year, the government created a restriction on commitments. Call phasing, measure frozen a third of spending discretionary (non-mandatory) payments scheduled for each month.
With this measure, the monthly release of non-obligatory expenses is limited to 1/18 of the expenses planned for the year, instead of the proportion of 1/12. The phasing for 2026, if it occurs, will only be published together with the Bimonthly Income and Expense Report, at the end of March.
