The federal government is preparing a package of fiscal adjustment measures with the potential to generate savings of between R$50 billion and R$60 billion in 2027. The proposal was presented this Wednesday (11) by the Minister of Planning and Budget, Bruno Moretti, during a public hearing at the Mixed Budget Commission (CMO), in the National Congress.
The measures will be brought together in a complementary bill (PLP), negotiated with Senate leaders. The objective is to reinforce expense control, increase revenue and contribute to meeting next year's fiscal target.
According to Moretti, the package combines initiatives to increase revenue and rationalize expenses, with the preservation of expenses essential to guaranteeing social rights.
“Between revenue measures and expenditure measures, always seeking to protect expenses that are crucial to ensuring rights, rationalize some expenses, review tax expenditures that do not deliver the intended results and even review some privileges, such as, for example, the issue of super salaries”, he declared.
Spending lock
One of the main measures provides for an additional expense containment mechanism. The proposal will allow limiting the real growth of federal spending to 2% in 2027, if projections indicate a risk of non-compliance with the lower limit of the fiscal target.
Currently, the fiscal framework allows real growth of up to 2.5%. The reduction could represent an additional containment of R$12.8 billion in the Budget.
The blockage, which cannot be reversed during the year even in the case of an improvement in revenue, seeks to avoid the subsequent release of resources that would compromise compliance with the fiscal target.
Tax incentives
The project also foresees changes in the tax incentive policy and tax compensation mechanisms used by companies.
Among the measures under discussion are:
Tax benefits: additional linear reduction of 10% in exemptions and tax incentives granted to sectors of the economy.
Tax offsets: limitation on the use of credits that companies have with the Federal Revenue to pay taxes.
Super salaries: review of privileges and expenses considered excessive.
Contingency: expansion of expenditure blocking mechanisms during budget execution.
The economic team assesses that the review of incentives could improve revenue collection and reduce distortions in the granting of tax benefits.
Health calculation
Another measure involves the methodology for calculating the constitutional health floor. The government intends to exclude extraordinary revenues from oil and gas exploration from the calculation basis of Net Current Revenue (RCL), used to define the minimum investment value in the sector.
The change, already adopted in 2026, is temporary. With the project, the intention is to extend the rule until 2030.
Moretti defended the initiative as a way to rationalize expenses linked to extraordinary revenues.
“Basically, we are doing something very reasonable, which is to remove the extraordinary revenues in relation to oil from the calculation of the health fund and then, again, it is a rationalization of expenses”, he stated.
The minister also estimated that maintaining two fiscal mechanisms approved by Congress could generate savings of approximately R$9 billion in 2027.
“For next year, these triggers could generate savings of R$9 billion, which in practice brings more capacity to accommodate all expenses within the budget,” he said.
Social preservation
During the hearing, Moretti acknowledged that the high degree of expenditure linkage in the Brazilian Budget reduces the government's margin for decision on the allocation of resources.
He highlighted, however, that part of the mandatory spending is related to guaranteeing fundamental rights, such as the policy of increasing the minimum wage.
The strategy, according to the minister, is to seek balance in public accounts without compromising social policies and essential expenses, including the minimum constitutional investments in health and education.
Fiscal target
The package is part of the government's strategy to achieve a primary surplus of 0.5% of the Gross Domestic Product (GDP) in 2027, equivalent to R$73.2 billion.
The primary result corresponds to the difference between government revenues and expenses, without considering interest on public debt.
The economic team also intends to maintain the adjustment trajectory in the following years, with the expectation of achieving a surplus of 1.5% of GDP in 2030. To achieve this, it considers it necessary to improve the primary result and expand spending control mechanisms.
Processing in the Senate
The complementary bill will be presented by the government leader in the Senate, Jaques Wagner (PT-BA), and will be rapporteur by Senator Eduardo Braga (MDB-AM), also responsible for reporting on the 2027 Budget.
The expectation is that the proposal will advance in Congress this Wednesday (11). As it is a complementary bill, the text will need to be approved by both Legislative Houses to come into force.
The government is betting on coordination with senators to speed up the process and make it possible to approve the measures in 2026.
