The Joint Budget Committee should vote on the 2026 Budget, Congress should recess today and return on February 2, and the Mercosur-EU agreement may be signed next year

BRAZIL POLITICS - Report 19 Dec 2025 by Murillo de Aragão and Cristiano Noronha

Today, the Joint Budget Committee is expected to vote on the 2026 Budget Bill (PLOA 2026). The meeting was originally scheduled for yesterday, but the budget rapporteur, Representative Isnaldo Bulhões (MDB-AL), requested additional time to adjust the budget text. After approval by the committee, the bill is expected to be voted on in a joint session of the National Congress. Once the Budget is approved, Congress will recess and resume activities on February 2. Tomorrow, Lula will attend the Mercosur Summit. There had been expectations that the Mercosur–European Union agreement would be signed during the meeting, but resistance remains.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.