The zero deficit objective may be reviewed in March, when the first evaluation of the 2024 budget is made.
He President of Brazil, Luiz Inácio Lula da Silvapromulgated the Budget Law 2024. In this norm, despite some vetoes it received, the objective of achieving the zero deficitbut reduced demands from the Bolsonaro opposition and Congress to increase the amount of resources for the items planned for deputies and senators.
Between the items blocked by the government a device is found that provided for a calendar for the release of budget items approved by legislatorswho are looking for a control over the allocation of funds to their electoral strongholds in a year in which municipal elections will be held in October.
Zero deficit: the objective that generates tension in the government
The sanction of Budget Guidelines Law (LDO in Portuguese) was published this Tuesday in the Official Gazette of the Unionin which The vision of the Minister of Finance, Fernando Haddad, prevailedthat it is possible to reach zero deficita goal that had been questioned by the head of state himself and the leadership of the Workers’ Party (PT).
According to analysts, there is a dispute between Haddad and the chief of staff, Rui Costaabout the zero deficit objective, especially because The political wing considers that it may affect the Growth Acceleration Program (PAC), the infrastructure megaplan relaunched in 2023 by Lula as one of the levers to raise the level of employment and investment in the country.
The zero deficit objective may be reviewed in Marchwhen the first evaluation of the 2024 budget.
Budget law 2024: what the vetoes consisted of
Lula vetoed also a articles linked to issues called “traditional values” who managed to include in the law the deputy Eduardo Bolsonaro, son of former president Jair Bolsonaro.
These articles prohibited the national government from spending resources to finance “invasion or occupation of private rural property; influence children and adolescents by having ‘sexual options’ other than your biological sex; actions to deconstruct, diminish or extinguish the traditional family conceptmade up of father, mother and children; sex change surgeries for children and adolescents; practice abortionsexcept in cases authorized by law.”
None of these issues are included in the budgetso Lula decided to veto it, explained Senator Randolphe Rodrigues, leader of the ruling bloc in the Senate.
Source: Ambito
