Brazil government signals fiscal adjustment bill to Congress could include R$12.8bn spending cut authorization for 2027

The Brazilian government has reportedly reached an agreement with Congress on a fiscal adjustment bill that could save up to R$80 billion in 2027, and is working with the Senate to present a bill this week worth 0.5% of GDP. Government officials have signaled to the financial market that the measures should include authorization to cancel up to R$12.8 billion in 2027 budget spending to meet the fiscal target, per G1 and Folha.

Detected & updated continuously · Source: Nebula