Commission approves report by Senator Omar on new Fiscal Framework

Tax Framework

The project now goes to the plenary of the House for consideration

With 19 votes in favor of Senator Omar Aziz’s (PSD-AM) final report, the fiscal framework was approved this Wednesday (21) by the Economic Affairs Committee (CAE) of the Federal Senate. The report accepted 16 of the 75 amendments presented to the project, whose objective is to guarantee the sustainability of public finances and should now go to a vote in the Plenary.

Among the measures foreseen in the report, are the institution of a ceiling for the growth of government expenses, with the aim of controlling public expenses and reducing the fiscal deficit. During the voting carried out by party blocks, the report received massive support from the government base, which sees the fiscal framework as a way out to guarantee the country’s economic stability.

Senator Omar Aziz thanked his colleagues for their support and regretted not being able to accept all the congressmen’s amendments, since many would end up mischaracterizing the proposal’s original intention.

“The main items that I removed from the framework, such as the Constitutional Fund of the Federal District and Fundeb (Fund for the Maintenance and Development of Basic Education) are all technical and political issues, but also aimed at not harming good administration in the States. I do believe that Brazil will grow again, and all of us, regardless of ideological issues, are working for that.”

said Omar during the vote.

For the senator, another highlight of the final report is the withdrawal of expenses with science, technology and innovation from the limits of the new framework.

“We consider it timely and essential. This area obviously needs to be protected, since it contemplates actions necessary for the economic and social development of the country and represents the pretensions of a society that looks to the future and wants to guarantee growth and progress for future generations”

defended Omar.

Now, the new fiscal framework (PLP 93/2023) must be voted on in the Senate Plenary. If approved, the proposed measures will become part of the country’s tax legislation.

*With advisory information

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