Alexandre Silveira presents Lula with a plan to resolve fiscal deadlock
In light of the deadlock with the National Congress regarding the increase of IOF, the Minister of Mines and Energy, Alexandre Silveira, presented President Lula with an alternative plan to strengthen the federal government's finances through extraordinary revenues from the oil sector.
The proposal includes the sale of oil from the Union in the Tupi, Mero, and Atapu fields (estimated at R$ 15 billion), concession auctions (R$ 150 million), and an agreement for the individualization of production in the Jubarte field (R$ 2 billion). There are also revisions of reference prices, revaluations of stakes in pre-salt fields, and changes to the special participation decree, potentially totaling more than R$ 35 billion by 2026.
For the year 2026, the government projects an additional boost of R$ 15 billion, focusing on increased revenue from PPSA and auctions in new basins. The measures will be incorporated into the bimonthly report on revenues and expenses in July, aiming to mitigate contingency risks and strengthen budget execution in an election year.
"Coincidence or not, the billion-dollar figures promised with oil began to emerge exactly on the eve of 2026 — the year Brazil returns to the polls. It seems that when the fuel is political, even the pre-salt responds faster. Does the Tupi field also vote?" (contains irony)
Source: Brazil247
