President Jair Bolsonaro sanctioned, with vetoes, the 2022 Budget approved in December by the National Congress. The total amount of the expense – provided for in Law 14,303 , published in the Official Gazette of today (24) – is R$ 4 .73 trillion. Of this total, BRL 1.88 trillion is destined for the refinancing of the federal public debt.
The primary result provided for in the Law Annual Budget (LOA) for 2022 is a deficit of BRL 79.3 billion, a value that is, according to the General Secretariat of the Presidency of the Republic, “less than the target set out in the LDO-2022, corresponding to the Fiscal and of the Union’s Social Security, in the amount of R$ 170.5 billion.”
“This projection of the primary result present in the LOA-2022 lower than the target foreseen in the LDO-2022 is particularly due to the increase in the estimate of primary revenues carried out by the National Congress”, informs the Secretariat.
The Secretariat emphasizes that the LOA-2022 respects the limit defined for primary expenses provided for in the spending ceiling. It also includes “sufficient appropriations to meet the minimum investments in public health actions and services (R$ 139.9 billion) and in the maintenance and development of education (R$ 62.8 billion)”; as well as the approval of the Constitutional Amendments that changed the rules of precatories, in order to make viable the R$ 89.1 billion foreseen for the Auxílio Brasil program, which replaced the Bolsa Família.
The LOA also considers the new criterion for updating the individual limits of the federal spending ceiling, which is R$ 1.7 trillion, having as based on the IPCA projection of 10.18% per year.
“It is also worth mentioning that it was necessary veto budgetary programs in order to adjust mandatory expenses related to personnel expenses and social charges. In this case, it will be necessary, later, to forward a bill of additional credit with the use of the fiscal space resulting from the vetoes of the schedules”, details the Secretariat.
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