The Mixed Budget Committee (CMO) approved in the early afternoon of this Friday (19) the opinion of the rapporteur, deputy Isnaldo Bulhões (MDB-AL), of the 2026 Budget Law Project (PLOA). The text must now be analyzed in a session of the National Congress scheduled for this afternoon.
The preliminary report foresees total expenditure of R$6.5 trillion and a target surplus of R$34.2 billionwhich will be fulfilled if the deficit is zero or a surplus of R$68.6 billion is reached.
Of the total expenses, R$6.3 trillion is directed to the fiscal and social security budgets (OFSS) and R$197.9 billion to the investment budget of state-owned companies. The spending limit for ministries and other Powers is now R$2.4 trillion.
The text also highlights that 28% of the OFSS will be allocated exclusively to paying interest on public debt, which is equivalent to R$1.82 trillion. This amount involves the amortization of the principal of the contractual or securities debt with resources obtained through new credit operations (issue of securities).
According to the opinion, discounting debt refinancing, the estimated revenue for next year is R$4.5 trillion, with R$3.27 trillion (72.6%) coming from current revenue and R$1.238 trillion (27.4%) from capital revenue.
The minimum wage in 2026 will be R$1,621, R$10 below the government’s initial estimate. For 2026, there will also be an extra expense with the electoral fund, scheduled at around R$5 billion.
Amendments
The report foresees around R$61 billion in parliamentary amendments. Of this total, around R$37.8 billion will be allocated to mandatory amendments, with mandatory payment.
Individual amendments, from deputies and senators, total R$26.6 billion; those for benches, allocated to state benches, received R$ 11.2 billion. Commission amendments, which are not mandatory, total R$12.1 billion.
An amount of R$11.1 billion is foreseen in the opinion as additional installments, for discretionary expenses and for projects selected in the Growth Acceleration Project (PAC).
Agenda
In addition to the Budget for next year, the agenda for the Congress session includes 20 bills that open additional credits in the 2025 Budget.
Among them are the National Congress Bill (PLN) 6/2025, which allocates R$8.3 billion to the creation of the Tax Benefits Compensation Fund, provided for in the tax reform; and PLN 18/2025, which opens additional credit of R$3 million for Companhia Docas do Ceará. The resources, resulting from the cancellation of other appropriations, will be used to purchase equipment and for nautical maneuverability and navigability studies necessary for receiving container ships.
