Politics · Brazil · 48 mins ago
Brazil plans primary surplus of 1.75% of GDP by 2030
President Luiz Inácio Lula da Silva’s government plans to raise Brazil’s primary surplus to 1.75% of GDP by 2030.
It aims to increase the surplus in stages, from 0.5% of GDP in 2027 to 1% in 2028 and 1.25% in 2029.
A proposed complementary bill was delivered to Senator Eduardo Braga and is expected to be filed in Congress.
The plan would reduce exceptions to Brazil’s spending rules, while keeping some court-ordered debt payments outside the calculations.
The government also wants to slow the permitted annual growth in spending from 2.5% to between 1% and 1.5%, though that change is being discussed separately.
It says the measures are intended to stabilize public debt and support sustainable interest-rate cuts.
The plan would not change Bolsa Família or the BPC, and would not break the link between the minimum wage and pensions; Congress is expected to begin considering the bill before Lula returns from an overseas trip.
Brazil’s government plans to reach a primary surplus of 1.75% of GDP by 2030.
The plan sets interim surplus targets of 0.5% in 2027, 1% in 2028 and 1.25% in 2029.
A draft bill setting out fiscal adjustment measures was delivered to Senator Eduardo Braga on Monday night, November 9.
The government says the measures aim to stabilize public debt and improve conditions for a sustainable reduction in interest rates.
The proposed adjustment includes narrowing exceptions to the fiscal framework and changing how constitutional spending floors are calculated.
- Who
- The government of President Luiz Inácio Lula da Silva.
- What
- It plans a fiscal adjustment to reach a primary surplus of 1.75% of GDP by 2030.
- When
- The draft bill was delivered on Monday night, November 9, 2026. The surplus targets run from 2027 to 2030.
- Where
- Brazil.
- Why
- The government aims to stabilize public debt and improve conditions for a sustainable reduction in interest rates.
This story does not have two clearly opposing sides.
The government plans a primary surplus of 0.5% of GDP.
The government plans a primary surplus of 1% of GDP.
The government plans a primary surplus of 1.25% of GDP.
The government plans a primary surplus of 1.75% of GDP.
- Target surplus in 2030
- 1.75% of GDP
- Target surplus in 2027
- 0.5% of GDP
- Draft bill recipient
- Senator Eduardo Braga
- Current annual real spending growth allowed by fiscal framework
- 2.5%
- Proposed annual real spending growth
- Between 1% and 1.5%