WATCH: House starts discussing proposed new tax rule

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Project sent by Lula’s government replaces the spending ceiling and provides goals to organize public accounts in the next 3 years. WATCH: Chamber begins to discuss proposed new fiscal rule Project sent by Lula’s government replaces the spending ceiling and provides targets for organizing public accounts over the next 3 years. The Chamber of Deputies votes on the fiscal framework, a proposal by the Lula government to control spending and balance public accounts; see point by point. The rule replaces the spending cap, created in 2016 and considered too restrictive. The goal is to ensure priority spending and increase public investment, without creating a lack of control. The text provides a target for public accounts and conditions the increase in spending on how much the government collects from taxes. If the goal is not met, the government will have more restrictions in the following year. The Lula government’s proposal to reset the gap in the accounts in 2024 and stay in the blue (generate a surplus) in the following years. This means spending less than the government collects. To pass the House, the project needs at least 257 of the 513 votes. After that, it goes to the Senate.

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