Initially scheduled to be sent to the National Congress on Friday (14), the complementary bill of the new fiscal framework will only be sent on Monday (17), said this Tuesday (11) the Minister of Planning and Budget , Simone Tebet. According to her, the Ministries of Planning and Finance will take advantage of the weekend to make the final adjustments to the text.
Despite the postponement, the minister stated that the final changes are in the wording, without interfering with the merits of the measures announced at the end of March. She denied that there are pending issues regarding the new tax rule.
Because of the deadline that determines the submission of the Budgetary Guidelines Law project (LDO) until April 15 of each year, the project will be filed in Congress on Friday (14). According to Tebet, the text will consider the current spending cap rule on a temporary basis. However, a memorandum will be sent with the parameters of future tax rules.
“We were very careful to link the LDO to the new parameters of the fiscal framework, if it is approved by Congress, but we are facing an LDO with very ugly numbers, in light of the spending ceiling. The only rule we have today is the ceiling. In the political world we have the fiscal framework, but in the legal world we have the spending ceiling. So, we have to deliver the LDO by the 15th from the perspective of the current regulations”, declared Tebet.
With the sending of the LDO through the spending ceiling, the temporary text will have to reduce discretionary (non-mandatory) expenses to zero and cut mandatory expenses. Last week, Finance Minister Fernando Haddad estimated a R$30 billion cut in mandatory spending next year if the spending ceiling is maintained.
CMO
Tebet made the statements after receiving, at the Ministry of Planning, the leader of the government in Congress, Randolfe Rodrigues (Rede-AP), and the new president of the Joint Budget Committee (CMO) of Congress, Senator Daniella Ribeiro (PSD-PB) . Randolfe revealed that deputy Luiz Carlos Motta (PL-SP) will be the rapporteur for the 2024 Budget.
Daniella Ribeiro was elected this afternoon according to an agreement between the parties’ benches in the Senate. Afterwards, Motta was designated by the senator as rapporteur for next year’s Budget proposal. At this Tuesday’s Planning meeting, it was agreed to hold a public hearing at the CMO in the coming weeks to discuss the LDO and the project for the new fiscal framework.
