Haddad Claims 2024 Fiscal Target Met, Projects Best Result Since 2015

Overview

• In a GloboNews interview on Oct. 21, Finance Minister Fernando Haddad said the government met its 2024 fiscal goal and expects to hit targets in 2025 and 2026.
• Haddad argues fiscal consolidation is being achieved by trimming corporate subsidies he labels the 'Bolsa Empresário' and by bringing previously undercontributing sectors into the tax base.
• He accuses a coalition of Centrão lawmakers and Bolsonaro allies of trying to derail public accounts for 2026 electoral reasons and urges Congress to keep the budget execution orderly.
• The minister presses the Chamber to vote on the long-pending 'devedor contumaz' bill and says a 2023 tax-enforcement nucleus will be turned into a Receita Federal unit dedicated to fighting organized tax crime.
• Boletim Focus data released Oct. 20 support a projection of 19.73% accumulated inflation for 2023–2026, which would be the lowest four-year reading since the Real Plan.