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Lula Sanctions 2026 Budget, Allocating R$61 Billion to Congressional Amendments

A front‑loaded payment calendar for obligatory amendments will strain early‑year cash flow.

Overview

  • The sanctioned law reserves about R$61 billion for amendments, including R$37.8 billion in mandatory individual and bancada items, R$12.1 billion for commission amendments, and R$11.1 billion in additional parcels.
  • Of the amendment reserve, R$49.9 billion is under direct control of lawmakers through individual, bancada, and commission channels.
  • The budget confirms a R$1,621 minimum wage for 2026, projects a R$34.5 billion primary surplus, and guarantees an R$83 billion floor for public investments.
  • The Union Budget totals R$6.5 trillion, with R$1.8 trillion for debt refinancing and a R$2.3 trillion spending limit for the Executive, Legislative, and Judiciary.
  • Approved adjustments cut R$6.2 billion from RGPS and reduce Pé de Meia by R$436 million and Auxílio Gás by about R$300.7 million, and Lula vetoed a change that would increase the Party Fund and a rule on paying past‑year amendment leftovers.