Government provides for raising R $ 14.8 billion with extra oil auction, says planning
BRASILIA (Reuters)-The Ministry of Planning said on Tuesday that the auction of union areas in the pre-salt not yet contracted, to be held this year, should generate a collection of R $ 14.8 billion.
Ibovespa falls even with voucher highs and Usiminas; Vivara is a negative highlight
US bags operate without strength after records registered yesterday
Revenue forecast helped the government reduce the containment of ministries to comply with tax rules by 2025.
More details
I want to download
The Federal Government pointed out on Tuesday need to contain R $ 10.7 billion in the spending of ministries to comply with tax rules, less than the R $ 31.3 billion pointed out in an assessment made in May.
In a report of revenue and expenses evaluation, the Ministries of Finance and Planning pointed to an improvement of revenues, which will allow total reversal of the contingency of R $ 20.7 billion announced in May to respect the fiscal target.
A block of R $ 10.7 billion will be required to obey the spending limit, slightly above the previous forecast of R $ 10.6 billion.
Government announces a reduction in spending containment of R $ 20.6 billion
Improved May projections allowed upstream release
Detailing the cuts and release of resources by ministry will be presented by the end of the month by the government.
According to the folders, the forecast for the 2025 primary result is a deficit of R $ 26.3 billion, technically within the zero deficit target for the year, which has a tolerance band of 0.25% of GDP, the equivalent of about $ 31 billion. In May, the forecast pointed to a break of $ 51.7 billion.
The significant change in the forecast for the fiscal result is largely a rise of R $ 27.1 billion in the projection of the government’s net revenue, which excludes transfers to states and municipalities, to R $ 2.346 trillion.
In this account, there were R $ 17.9 billion more in revenues related to the exploration of natural resources. Among the taxes managed by the IRS, the biggest impetus was in income tax, a gain of $ 12.2 billion compared to the forecast made in May.
On the expenses side, there was an increase of R $ 5 billion, to R $ 2.420 trillion, with increased costs such as the continued benefit (BPC).
In the last official revision of the accounts, in May, the freezing of funds was not greater because the government simultaneously announced an increase in the financial operations tax (IOF) for a series of credit, exchange and social security operations.
The initiative opened a clash between Executive and National Congress, which was only resolved in the Supreme Federal Court (STF) with the validation of most of the increase in tax by the Minister of Court Alexandre de Moraes.
At the moment, the highest IOF on exchange, credit and social security operations are in force, with some recalibrated rates after the government’s retreat, as well as a provisional measure issued to compensate for this partial reversal. The MP raises the taxation on Bets and institutes taxation on currently exempt titles, among other points.
