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April 14, 2022
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Congress receives 2023 Budget Guidelines Bill

Congress receives 2023 Budget Guidelines Bill

The standard operation and the strike in the federal civil service affected the release of the 2023 Budget Guidelines Law (LDO) project. deadline for submitting the project, but the content and numbers are not yet known.Congress receives 2023 Budget Guidelines Bill

According to the press office of the Ministry of Economy, the details of the text will only be presented at a press conference on Monday (18). Until 8 pm today, the folder had not provided a presentation with the project summary, as it does every year.

Law that guides the preparation of the Budget for the following year, the LDO must be sent to Congress by April 15 of each year. As this year, the date falls on the Good Friday holiday, the deadline for submission has been brought forward to today.

Among the various points defined by the LDO are the initial estimate of the minimum wage for the next year, as well as the forecast of economic growth and inflation for the following year. The law has an annex in which it defines the priorities for the next Budget.

The LDO also stipulates the primary result target (primary surplus or deficit) of the Central Government – ​​National Treasury, Social Security and Central Bank – for the following year. The primary result represents the positive or negative balance in the government account without interest on the public debt.

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