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Brazil Plans FGTS Release of R$7 Billion for About 10 Million Workers

The move targets relief for indebted families using money the labor ministry says Caixa left unrealized in last year's measures.

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Overview

  • Marinho said Thursday the government calculates roughly R$7 billion can be withdrawn from FGTS, a worker severance fund, by about 10 million people.
  • The ministry calls the sum a leftover from two 2025 provisional measures that freed about R$20 billion but were not fully carried out.
  • Caixa replied that it withheld part of the funds to follow rules set by the FGTS board and said it complies with the law.
  • Officials are drafting rules to let workers pledge more of their FGTS as collateral for payroll-deducted loans, possibly including the full 40% dismissal penalty to cut interest rates.
  • Ministers met with President Lula on Thursday to shape a wider debt-relief package, and Marinho said the saque-aniversário withdrawal option will stay in place.