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Brazil’s Budget Committee Lifts 2026 Campaign Fund to R$ 4.9 Billion

The change takes effect only after Congress approves the 2026 budget.

Overview

  • The Joint Budget Committee approved an instrução normativa raising the public campaign fund despite the government’s R$ 1 billion proposal.
  • The measure passed by symbolic vote in committee and does not require a plenary vote.
  • Funding will come from R$ 2.9 billion redirected from state bloc amendments and R$ 1 billion cut from discretionary primary spending.
  • Budget rapporteur Isnaldo Bulhões authored the measure and will decide where the discretionary cuts occur.
  • The LDO must be addressed and the 2026 budget approved before the Treasury can transfer resources to the electoral court for party distribution.