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56m ago

Budget Committee Backs R$14 Billion Import‑Tariff Revenue in Brazil’s 2026 Plan

The budget panel cleared a revenue report that banks on administratively set tariff hikes to help hit a 2026 primary surplus target.

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Overview

  • Senator Dorinha added the import‑tax forecast to her PLOA revenue report, which won approval from the Joint Budget Committee.
  • Tariff changes will be decided by the Gecex‑Camex committee, allowing rate increases without congressional approval.
  • Part of the planned 2026 adjustments is under technical review, and the projection also reflects 2025 trade‑defense actions and expected import growth.
  • After transfers to states and municipalities, the estimated net gain is R$13.2 billion, with gross revenue up R$12.3 billion versus the August PLOA.
  • Government interlocutors say the measure is needed to close next year’s budget, which targets a R$34.3 billion primary surplus after earlier IOF and provisional‑measure efforts faltered.