The government is assessing the use of pre-salt revenues for a zero fiscal deficit in 2024

Federal Budget Minister Paulo Bigos has stated that the government of President Luiz Inacio Lula da Silva (PT) has “emergency measures” in place to reach the target.
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247 – President Luiz Inácio Lula da Silva’s government can expect revenues from pre-salt oil extraction to reach the target of liquidating the fiscal deficit in 2024, but administration sectors view this possibility as a last resort. Asylum if the goal is not achieved. According to information from CNN Brazilthe potential collection through this action is R$ 150 billion, but this also means giving up future revenue with a pre-salt layer.

However, in the Ministry of Finance, this possibility is not seen as a mere “Plan B”. “I wouldn’t say Plan B or last resort. It’s not even that. No matter you arrive or not [resultado] “First of all, we intend to touch this front of anticipation of receivables because it helps control the debt trajectory,” a source from the economic team told the radio.

Federal Budget Minister Paulo Bigos said on Monday (4) that the government of President Luiz Inácio Lula da Silva (PT) has “emergency measures” and “room for maneuver” to reach a zero deficit. “We had a very difficult budget context, not only because of the fundraising efforts. The positive thing is that, despite all the challenges, we made it to the end successfully, delivering on the promise of a balanced budget, with a zero deficit.” economic value.

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The budget proposal for 2024 (PLN 29/23), which was submitted to the National Congress at the end of August, provides for revenues and expenditures of $2.2 trillion, and therefore a fiscal deficit of zero. Technicians from the Finance Ministry said the accounts revealed a small surplus of R$2.8 billion. However, under the new financial framework, the target will be considered achieved if there is a deficit or surplus of up to R$29 billion. (With information from Câmara de Notícias).

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