Vice President and Minister Geraldo Alckmin gave a period of 2 months for the new framework to reach the National Congress| Photo: José Cruz/Agência Brasil

The Vice President of the Republic and Minister of Development, Industry, Commerce and Services, Geraldo Alckmin, announced this Monday (13) that the The new fiscal framework, designed by the federal government to replace the spending ceiling, should stipulate a spending limit associated with the fiscal surplus and the evolution of the public debt.

According to the minister, the new rule should be submitted within two months to the National Congress. According to Alckmin, a meeting with the Minister of Finance, Fernando Haddad, is scheduled in the coming days to discuss the issue.

“[O novo arcabouço] should be voted on in a supplementary law, which should be forwarded to the National Congress in the next 30 to 60 days. It should take into account the spending limit, it should take into account the debt curve, debt evolution, and the surplus issue. It’s a combination of several factors. Let’s wait for the Minister of Finance, after President Lula’s approval, to announce it,” he said. With information from Agência Brasil.