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Brazil: what is the fiscal framework approved by the House of Representatives?

On Tuesday night, April 23, the House of Representatives approved the basic text of the fiscal framework of the Lula administration.

If it wanted to make the life of the average Brazilian easier, the government would baptize the novelty fiscal plan or fiscal system.

In general terms, Haddad's law retires two essential rules to keep the country's economy on track.

One is the Fiscal Responsibility Law (LRF), approved in May 2000 during Fernando Henrique Cardoso's government.

The second is the spending cap in 2016 during Michel Temer's administration.


"The LRF created tougher . . .

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