After returning from his trip to Italy, President Luiz Inácio Lula da Silva will meet with the economic team to discuss ways to compensate for the loss of revenue caused by the overturn of the provisional measure that would bring a positive impact of R$30 billion to the 2026 budget.
The MP, which predicted R$20 billion in new revenue and R$10 billion in expense cuts next year, was not voted on by Congress within the deadline. Now, the Minister of Finance, Fernando Haddad, is preparing a menu of measures to try to balance public accounts.
Among the alternatives is increased taxation on fintechs and companies in the sports betting sector, known as BETS. The government may also resort to a new increase in the IOF (Financial Operations Tax), as the Federal Supreme Court recognized as constitutional the presidential decree that readjusted the tax for collection purposes.
Decisions should be made in the coming weeks, with a focus on sending the 2026 budget proposal and the effort to meet the fiscal target of the new framework.
