Government announces fiscal adjustment package worth up to R$ 60 billion

Wed, Nov 11Public accounts

What happenedThe federal government presented a fiscal adjustment proposal that could generate savings between R$ 50 billion and R$ 60 billion in 2027.
WhyThe plan includes a 120-day period for Congress to analyze the regulation of public official salaries and proposes removing R$ 10.5 billion in diesel subsidies from the 2026 fiscal target.
Market impactThe announcement follows a period of currency volatility, with the dollar reaching R$ 5.58 on the previous day, its highest level since July of last year.
What to watchInvestors are now watching the Senate, where a report evaluating a R$ 100 billion margin in the golden rule is expected to be voted on this Thursday.

Ibovespa that day +0.42%Source: Agência Brasil + 3 more outlets

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