Budget 2024: report foresees more resources for the electoral fund and amendments, and removes almost 30% from the new PAC

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Proposal by deputy Luiz Carlos Motta (PL-SP) maintains the goal of zero deficit next year. The report must be voted on in committee this Wednesday (20) and may undergo changes. National Congress TV Globo The rapporteur of the 2024 budget, deputy Luiz Carlos Motta (PL/SP), presented this Wednesday (20) his replacement for the proposed budget law for next year, released in August by the government’s economic team federal. The report must be voted on this Wednesday (20) in the Joint Budget Committee (CMO), and may undergo changes. If approved by the committee, the text will go to Congress for a vote and can be analyzed in a session this Thursday (21). Among the changes, the rapporteur proposed more resources for the electoral fund, which went from R$940 million in the budget proposal sent by the Executive, to R$4.96 billion. According to the proposal, the amount was supplemented with resources from the contingency reserve intended to meet state bench amendments. “The PLOA 2024 allocated to the Special Campaign Financing Fund the minimum amount of R$939.3 million, which was far from the amount authorized for the 2022 fiscal year (R$4,961.5 million)”, informed the rapporteur. Parliamentary amendments In addition, the budget substitute also provides for an increase in resources for parliamentary amendments, which jumped from R$37.64 billion, in the federal government’s proposal, to R$53.08 billion – an increase of R$15 .44 billion. “At the expense, 7,934 individual and collective amendments were presented, of which 6,207 were from deputies, 1,053 from senators, 419 from the state bench and 255 from the commission”, says the report. The text also adds that “in any case, compliance with the amendments took into account the conditions set out in current legislation”. This Tuesday (19), when the Budgetary Guidelines Law (LDO) was approved, the rapporteur, deputy Danilo Forte (União-CE), included in the text a calendar for the release of mandatory amendments (of mandatory payment). Mandatory amendments are of two types: individual ones (addressed to each senator and deputy); and bench ones (intended for state benches). Under the previous rule, there was no deadline for the government to pay them. With this, the Palácio do Planalto had more freedom and could choose to issue the release on the eve of important votes, as a means of negotiation. Congress approves LDO with zero deficit for 2024 Investments and new PAC The 2024 budget rapporteur also included more resources for investments with Union resources. The value rose from R$58.9 billion, in the proposal sent by the Executive in August, to R $73.2 billion. The total investment budget, which includes other sources of resources, in addition to the general budget of the Union, was maintained at R$151 billion. At the same time, however, the funds allocated to the new Growth Acceleration Program (PAC) fell from R$61.3 billion to R$44.3 billion, a cut of R$17 billion. Fiscal target The rapporteur’s replacement maintains the fiscal target at zero, as proposed by President Luiz Inácio Lula da Silva’s economic team. The text points out, however, that there is a tolerance range of R$28.8 billion more or less, according to what is established by the fiscal framework, the new rule for public accounts approved this year. There is pressure from the political wing of the government for the fiscal target to include a deficit. This change could still be made at the beginning of next year. A possible change in the target, to foresee a public deficit in an election year, would help the government to minimize spending cuts to fulfill its promises. And with that, reduce the impact on infrastructure investments. The rapporteur’s substitute also brings a deficit target of R$7.2 billion for non-dependent state-owned companies, members of the Global Expenditures Program (PDG). “Companies from the Petrobras and Empresa Brasileira de Participações em Energia Nuclear e Binacional – ENBPar groups, nor expenses from the investment budget allocated to the New Growth Acceleration Program up to the amount of R$ 5 billion, are not included in the calculation of this target. “, added the rapporteur. This year, state-owned companies are expected to record a deficit of R$4.5 billion, still higher than predicted in the 2023 budget.

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