According to Tebet, expanding the income tax exemption range would depend on some kind of compensation to get off the ground this year.| Photo: Marcelo Camargo/Agência Brasil

The Minister of Planning and Budget, Simone Tebet, ruled out any change in the Income Tax table for this year. One of President Lula’s (PT) main campaign promises, expanding the tax exemption range would depend on some kind of compensation to get off the ground, according to Tebet, during an interview for the newspaper The globe.

“If I change the Income Tax table, I am failing to collect. I have a budget to run this year. That’s why I’m saying: I can do it next year, we have four years to do it”, said the minister. According to her, the government’s focus for this year is to zero the 2023 fiscal deficit.

Tebet also stated that any change in this sense would be a political decision by President Lula (PT) and ministers Rui Costa, from the Civil House and Fernando Haddad, from the Treasury, and compared the measure to the increase in the minimum wage. Haddad also did not guarantee that the readjustment to R$1,320 – another of Lula’s main promises – will be carried out this year.