IBOV 176,912.49 ▲ 0.90% IPSA 10,912.84 ▼ 0.47% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,251,227 ▼ 1.64% COLCAP 2,275.16 ▼ 0.34% BVL PERÚ 57,237.60 — — USD/BRL5.11▼ 0.10% USD/MXN17.42▼ 0.16% USD/CLP934.37▼ 0.58% USD/COP3,202▼ 0.47% USD/PEN3.40▼ 0.03% USD/ARS1,500▲ 0.17% USD/UYU40.20▲ 1.42% USD/PYG6,020▲ 1.46% USD/BOB11.30▲ 3.36% USD/DOP57.82▲ 0.47% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.22% USD/HNL26.76▲ 1.54% USD/NIO36.62▲ 0.69% USD/VES740.95▼ 0.05% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.19▲ 0.07% USD/TTD6.75▲ 1.25% EUR/BRL5.83▲ 0.77% BRENT 83.56 ▼ 5.43% WTI 78.28 ▼ 5.24% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.41% GOLD 4,045 ▼ 0.72% SILVER 57.75 ▼ 1.24% SOY 1,224 ▲ 1.26% CORN 484.00 ▲ 7.14% WHEAT 664.75 ▲ 0.72% COFFEE 339.70 ▲ 4.67% SUGAR 14.54 ▼ 0.27% ORANGE JUICE 136.60 ▼ 3.43% COTTON 81.08 ▲ 2.19% COCOA 5,210 ▲ 2.16% BEEF 222.13 ▼ 1.38% CATTLE 339.28 ▲ 0.30% LITHIUM 67.17 ▼ 2.13% PETR4 41.01 — 0.00% VALE3 75.68 ▼ 0.01% ITUB4 42.88 ▲ 0.45% BBDC4 18.86 ▲ 0.80% ABEV3 16.24 ▲ 2.40% BBAS3 20.77 ▲ 1.32% B3SA3 16.10 ▲ 2.42% WEGE3 46.96 ▲ 1.21% PRIO3 56.27 ▲ 1.01% SUZB3 43.01 ▲ 2.72% RENT3 38.19 ▲ 1.25% AZZA3 17.39 ▲ 1.64% CSAN3 4.05 ▲ 2.53% RAIZ4 0.26 — 0.00% PCAR3 2.81 ▲ 2.55% GMAT3 3.95 ▲ 3.13% PSSA3 55.06 ▲ 1.42% CVCB3 1.34 ▼ 1.47% POSI3 3.62 ▲ 2.84% SLCE3 13.26 ▼ 0.90% NATU3 8.47 ▼ 0.24% BRKM5 6.08 — 0.00% RANI3 8.14 ▲ 2.65% CSNA3 5.61 ▼ 1.75% CMIN3 5.94 ▲ 2.41% USIM5 8.67 ▲ 0.70% GGBR4 25.37 ▲ 3.64% ENEV3 25.88 ▲ 1.61% CPFE3 45.93 ▲ 2.64% CMIG4 11.32 ▲ 1.34% EQTL3 39.28 ▲ 1.24% LREN3 13.94 ▲ 1.53% VIVT3 33.61 ▼ 6.92% RAIL3 14.11 ▲ 2.25% KLABIN 18.07 ▲ 2.21% RAIA DROGASIL 18.46 ▲ 1.60% RDOR3 34.47 ▲ 2.59% HAPV3 10.53 ▲ 3.34% FLRY3 17.01 ▲ 2.90% SMTO3 14.27 ▼ 2.73% UGPA3 32.39 ▲ 0.93% VBBR3 35.10 ▲ 1.74% BBSE3 41.00 ▲ 1.13% BPAC11 56.36 ▲ 1.46% CURY3 30.56 ▲ 0.56% AERI3 2.09 ▲ 1.95% VIVARA 22.72 ▲ 3.23% COMPASS 25.42 ▲ 0.47% VAMOS 3.32 ▲ 4.73% SANB11 27.77 ▲ 1.50% ASAI3 8.32 ▲ 2.59% SBSP3 28.80 ▼ 0.24% WALMEX 48.61 ▲ 0.43% GMEXICO 209.43 ▼ 0.03% FEMSA 228.99 ▼ 0.87% CEMEX 21.30 ▼ 0.33% GFNORTE 201.17 ▲ 2.41% BIMBO 61.35 ▲ 3.79% TELEVISA 10.07 ▲ 1.92% AMX 22.67 ▲ 0.94% GAP 384.09 ▲ 2.25% ASUR 273.32 ▲ 1.77% OMA 236.44 ▲ 3.37% KOF 191.19 ▲ 0.80% GRUMA 269.23 ▲ 0.26% KIMBER 40.68 ▲ 1.95% SQM-B 62,900 ▼ 2.71% COPEC 6,373 ▲ 1.98% BSANTANDER 80.50 ▼ 0.33% FALABELLA 6,146 ▼ 0.15% ENELAM 85.92 ▲ 0.03% CENCOSUD 1,884 ▼ 1.61% CMPC 1,031 ▼ 0.81% BANCO CHILE 192.02 ▼ 0.64% LATAM AIR 24.65 ▲ 0.20% YPF 79,450 ▼ 2.19% GGAL 7,805 ▼ 1.95% PAMPA 5,415 ▼ 1.10% TXAR 670.00 ▼ 0.59% ALUAR 987.00 ▲ 0.25% TGS 9,440 ▼ 2.78% CEPU 2,336 ▼ 1.97% MIRGOR 16,625 ▼ 1.19% COME 42.08 ▼ 0.90% LOMA NEGRA 3,673 ▼ 0.94% BYMA 300.25 ▼ 0.83% TELECOM ARG 4,425 ▼ 1.45% ECOPETROL 15.43 ▼ 2.34% BANCOLOMBIA 89.70 ▲ 2.01% GRUPO AVAL 4.83 ▲ 0.21% CREDICORP 391.42 ▲ 0.11% SOUTHERN COPPER 179.66 ▲ 0.19% BUENAVENTURA 30.81 ▼ 2.87% MERCADOLIBRE 1,870 ▲ 2.74% NUBANK 14.75 ▲ 1.51% XP 16.97 ▲ 1.34% PAGSEGURO 9.53 ▲ 1.55% STONE 11.09 ▲ 1.79% GLOBANT 35.21 ▲ 7.86% TECNOGLASS 47.63 ▲ 4.96% GAP AIRPORT 220.50 ▲ 1.96% ASUR 273.32 ▲ 1.77% OMA AIRPORT 107.79 ▲ 2.86% AMX ADR 25.93 ▲ 0.89% FEMSA ADR 131.55 ▼ 0.45% CEMEX ADR 12.20 ▼ 0.04% PETROBRAS ADR 18.04 ▲ 0.22% VALE ADR 14.78 ▼ 0.03% ITAU ADR 8.39 ▲ 0.22% SANTANDER BR 5.55 ▲ 1.93% AMBEV ADR 3.15 ▲ 2.61% CSN 1.11 ▼ 0.89% GERDAU 4.99 ▲ 3.21% LATAM ADR 53.08 ▲ 1.46% BTC 63,775 ▲ 0.08% ETH 1,917 ▲ 1.41% SOL 74.11 ▼ 0.04% XRP 1.06 ▼ 0.21% BNB 571.12 ▲ 0.95% ADA 0.16 ▲ 1.98% DOGE 0.07 ▲ 0.62% AVAX 6.53 ▲ 2.09% LINK 8.38 ▲ 0.23% DOT 0.76 ▲ 0.35% LTC 46.41 ▲ 0.89% BCH 213.19 ▲ 0.69% TRX 0.32 ▼ 0.24% XLM 0.17 ▲ 0.28% HBAR 0.07 ▲ 0.59% NEAR 1.65 ▼ 1.87% ATOM 1.29 ▼ 0.55% AAVE 100.90 ▲ 3.12% SELIC 14.25% EMBRAER 87.48 ▲ 0.67% EMBRAER ADR 68.51 ▲ 0.76% JBS 13.86 ▲ 2.25% JBS BDR 70.75 ▲ 2.20% MBRF3 16.59 ▲ 4.41% MBRFY 3.17 ▲ 10.84% INTER 5.65 ▲ 1.53% EGX 53,730 ▲ 0.18% USD/ZAR16.65▼ 0.66% USD/NGN1,363▼ 0.09% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY163.67▼ 0.05% USD/CNY6.76▼ 0.16% DAX 25,464 ▲ 0.41% CAC 8,459 ▲ 0.63% FTSE 10,871 ▲ 0.83% MIB 51,698 ▼ 0.69% IBEX 19,727 ▼ 0.07% STOXX 646.89 ▲ 0.35% EUR/USD1.14▲ 0.33% GBP/USD1.33▼ 0.31% SPX 7,443 ▲ 0.40% DJI 52,852 ▲ 1.23% NDX 27,878 ▼ 0.58% RUT 2,951 ▲ 0.09% TSX 35,685 ▲ 0.33% VIX 17.96 ▼ 3.80% USD/CAD1.41▼ 0.25% US10Y 4.5920 ▼ 1.06% IBOV 176,912.49 ▲ 0.90% IPSA 10,912.84 ▼ 0.47% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,251,227 ▼ 1.64% COLCAP 2,275.16 ▼ 0.34% BVL PERÚ 57,237.60 — — USD/BRL 5.11 ▼ 0.10% USD/MXN 17.42 ▼ 0.16% USD/CLP 934.37 ▼ 0.58% USD/COP 3,202 ▼ 0.47% USD/PEN 3.40 ▼ 0.03% USD/ARS 1,500 ▲ 0.17% USD/UYU 40.20 ▲ 1.42% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.30 ▲ 3.36% USD/DOP 57.82 ▲ 0.47% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.76 ▲ 1.54% USD/NIO 36.62 ▲ 0.69% USD/VES 740.95 ▼ 0.05% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.19 ▲ 0.07% USD/TTD 6.75 ▲ 1.25% EUR/BRL 5.83 ▲ 0.75% BRENT 83.56 ▼ 5.43% WTI 78.28 ▼ 5.24% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.41% GOLD 4,045 ▼ 0.72% SILVER 57.75 ▼ 1.24% SOY 1,224 ▲ 1.26% CORN 484.00 ▲ 7.14% WHEAT 664.75 ▲ 0.72% COFFEE 339.70 ▲ 4.67% SUGAR 14.54 ▼ 0.27% ORANGE JUICE 136.60 ▼ 3.43% COTTON 81.08 ▲ 2.19% COCOA 5,210 ▲ 2.16% BEEF 222.13 ▼ 1.38% CATTLE 339.28 ▲ 0.30% LITHIUM 67.17 ▼ 2.13% PETR4 41.01 — 0.00% VALE3 75.68 ▼ 0.01% ITUB4 42.88 ▲ 0.45% BBDC4 18.86 ▲ 0.80% ABEV3 16.24 ▲ 2.40% BBAS3 20.77 ▲ 1.32% B3SA3 16.10 ▲ 2.42% WEGE3 46.96 ▲ 1.21% PRIO3 56.27 ▲ 1.01% SUZB3 43.01 ▲ 2.72% RENT3 38.19 ▲ 1.25% AZZA3 17.39 ▲ 1.64% CSAN3 4.05 ▲ 2.53% RAIZ4 0.26 — 0.00% PCAR3 2.81 ▲ 2.55% GMAT3 3.95 ▲ 3.13% PSSA3 55.06 ▲ 1.42% CVCB3 1.34 ▼ 1.47% POSI3 3.62 ▲ 2.84% SLCE3 13.26 ▼ 0.90% NATU3 8.47 ▼ 0.24% BRKM5 6.08 — 0.00% RANI3 8.14 ▲ 2.65% CSNA3 5.61 ▼ 1.75% CMIN3 5.94 ▲ 2.41% USIM5 8.67 ▲ 0.70% GGBR4 25.37 ▲ 3.64% ENEV3 25.88 ▲ 1.61% CPFE3 45.93 ▲ 2.64% CMIG4 11.32 ▲ 1.34% EQTL3 39.28 ▲ 1.24% LREN3 13.94 ▲ 1.53% VIVT3 33.61 ▼ 6.92% RAIL3 14.11 ▲ 2.25% KLABIN 18.07 ▲ 2.21% RAIA DROGASIL 18.46 ▲ 1.60% RDOR3 34.47 ▲ 2.59% HAPV3 10.53 ▲ 3.34% FLRY3 17.01 ▲ 2.90% SMTO3 14.27 ▼ 2.73% UGPA3 32.39 ▲ 0.93% VBBR3 35.10 ▲ 1.74% BBSE3 41.00 ▲ 1.13% BPAC11 56.36 ▲ 1.46% CURY3 30.56 ▲ 0.56% AERI3 2.09 ▲ 1.95% VIVARA 22.72 ▲ 3.23% COMPASS 25.42 ▲ 0.47% VAMOS 3.32 ▲ 4.73% SANB11 27.77 ▲ 1.50% ASAI3 8.32 ▲ 2.59% SBSP3 28.80 ▼ 0.24% WALMEX 48.61 ▲ 0.43% GMEXICO 209.43 ▼ 0.03% FEMSA 228.99 ▼ 0.87% CEMEX 21.30 ▼ 0.33% GFNORTE 201.17 ▲ 2.41% BIMBO 61.35 ▲ 3.79% TELEVISA 10.07 ▲ 1.92% AMX 22.67 ▲ 0.94% GAP 384.09 ▲ 2.25% ASUR 273.32 ▲ 1.77% OMA 236.44 ▲ 3.37% KOF 191.19 ▲ 0.80% GRUMA 269.23 ▲ 0.26% KIMBER 40.68 ▲ 1.95% SQM-B 62,900 ▼ 2.71% COPEC 6,373 ▲ 1.98% BSANTANDER 80.50 ▼ 0.33% FALABELLA 6,146 ▼ 0.15% ENELAM 85.92 ▲ 0.03% CENCOSUD 1,884 ▼ 1.61% CMPC 1,031 ▼ 0.81% BANCO CHILE 192.02 ▼ 0.64% LATAM AIR 24.65 ▲ 0.20% YPF 79,450 ▼ 2.19% GGAL 7,805 ▼ 1.95% PAMPA 5,415 ▼ 1.10% TXAR 670.00 ▼ 0.59% ALUAR 987.00 ▲ 0.25% TGS 9,440 ▼ 2.78% CEPU 2,336 ▼ 1.97% MIRGOR 16,625 ▼ 1.19% COME 42.08 ▼ 0.90% LOMA NEGRA 3,673 ▼ 0.94% BYMA 300.25 ▼ 0.83% TELECOM ARG 4,425 ▼ 1.45% ECOPETROL 15.43 ▼ 2.34% BANCOLOMBIA 89.70 ▲ 2.01% GRUPO AVAL 4.83 ▲ 0.21% CREDICORP 391.42 ▲ 0.11% SOUTHERN COPPER 179.66 ▲ 0.19% BUENAVENTURA 30.81 ▼ 2.87% MERCADOLIBRE 1,870 ▲ 2.74% NUBANK 14.75 ▲ 1.51% XP 16.97 ▲ 1.34% PAGSEGURO 9.53 ▲ 1.55% STONE 11.09 ▲ 1.79% GLOBANT 35.21 ▲ 7.86% TECNOGLASS 47.63 ▲ 4.96% GAP AIRPORT 220.50 ▲ 1.96% ASUR 273.32 ▲ 1.77% OMA AIRPORT 107.79 ▲ 2.86% AMX ADR 25.93 ▲ 0.89% FEMSA ADR 131.55 ▼ 0.45% CEMEX ADR 12.20 ▼ 0.04% PETROBRAS ADR 18.04 ▲ 0.22% VALE ADR 14.78 ▼ 0.03% ITAU ADR 8.39 ▲ 0.22% SANTANDER BR 5.55 ▲ 1.93% AMBEV ADR 3.15 ▲ 2.61% CSN 1.11 ▼ 0.89% GERDAU 4.99 ▲ 3.21% LATAM ADR 53.08 ▲ 1.46% BTC 63,775 ▲ 0.08% ETH 1,917 ▲ 1.41% SOL 74.11 ▼ 0.04% XRP 1.06 ▼ 0.21% BNB 571.12 ▲ 0.95% ADA 0.16 ▲ 1.98% DOGE 0.07 ▲ 0.62% AVAX 6.53 ▲ 2.09% LINK 8.38 ▲ 0.23% DOT 0.76 ▲ 0.35% LTC 46.41 ▲ 0.89% BCH 213.19 ▲ 0.69% TRX 0.32 ▼ 0.24% XLM 0.17 ▲ 0.28% HBAR 0.07 ▲ 0.59% NEAR 1.65 ▼ 1.87% ATOM 1.29 ▼ 0.55% AAVE 100.90 ▲ 3.12% SELIC 14.25% EMBRAER 87.48 ▲ 0.67% EMBRAER ADR 68.51 ▲ 0.76% JBS 13.86 ▲ 2.25% JBS BDR 70.75 ▲ 2.20% MBRF3 16.59 ▲ 4.41% MBRFY 3.17 ▲ 10.84% INTER 5.65 ▲ 1.53% EGX 53,730 ▲ 0.18% USD/ZAR 16.65 ▼ 0.57% USD/NGN 1,363 ▲ 0.16% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY 163.67 ▼ 0.02% USD/CNY 6.7555 ▲ 0.02% DAX 25,464 ▲ 0.41% CAC 8,459 ▲ 0.63% FTSE 10,871 ▲ 0.83% MIB 51,698 ▼ 0.69% IBEX 19,727 ▼ 0.07% STOXX 646.89 ▲ 0.35% EUR/USD 1.1406 ▲ 0.27% GBP/USD 1.3306 ▲ 0.11% SPX 7,443 ▲ 0.40% DJI 52,852 ▲ 1.23% NDX 27,878 ▼ 0.58% RUT 2,951 ▲ 0.09% TSX 35,685 ▲ 0.33% VIX 17.96 ▼ 3.80% USD/CAD 1.4088 ▼ 0.23% US10Y 4.5920 ▼ 1.06%
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Tuesday, July 28, 2026

Brazil Politics - Brazil

Brazil’s Budget Battle: Power Struggle Derails Zero-Deficit Dreams

By · November 12, 2024 · 2 min read

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In the halls of Brazil’s Congress, a tense drama is unfolding. Lawmakers are considering an unprecedented move that could bring the government to a standstill. The issue at hand? Control over billions in public funds.

Brazilian deputies are threatening to block approval of next year’s government spending bill. This isn’t just another political squabble. It’s a power struggle that could affect every Brazilian citizen.

The conflict centers on “parliamentary amendments.” These are funds that lawmakers direct to their home districts for local projects. It’s a system that gives politicians a way to deliver tangible benefits to voters.

But there’s a catch. Since August, these funds have been frozen. Supreme Court Justice Flávio Dino ordered a halt, demanding more transparency in how the money is spent.

This has left many local projects in limbo. Lawmakers are furious. They see this as an attack on their power and a threat to their political futures.

Brazilian Congress Wields Unprecedented Budgetary Power, Surpassing OECD Nations
Brazilian Congress Wields Unprecedented Budgetary Power, Surpassing OECD Nations. (Photo Internet reproduction)
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Some members of the Joint Budget Committee are ready to fight back. Their weapon of choice? Refusing to approve the government’s budget for the coming year.

This is no small threat. Without an approved budget, the government can’t spend money. No salaries, no services, no nothing. It would be like turning off the power to the entire country.

The Battle Over Brazil’s Budget and Political Power

Deputy Cláudio Cajado puts it bluntly: “There’s great dissatisfaction among lawmakers.” The mood in Brasília is tense. Mayors from across Brazil are pressuring their representatives, demanding the funds they were promised.

Time is running short. There are only six weeks left in the legislative year. The government needs its budget approved, but lawmakers want their amendment money unfrozen. It’s a high-stakes game of chicken.

Randolfe Rodrigues, the government’s point man in Congress, is trying to sound optimistic. He believes a deal can be reached in time. However many lawmakers criticize him for not being more involved in negotiations.

The consequences of failure would be severe. Élida Graziane, a public accounts expert, calls the lawmakers’ strategy “suicidal.” If the budget isn’t approved, the entire government could grind to a halt on January 1st.

This isn’t just about politics. It’s about how Brazil functions as a country. The outcome will affect everything from local infrastructure projects to national economic policy.

As the clock ticks down, the pressure is mounting on both sides. The government needs to keep the country running. Lawmakers want to maintain their influence.

And caught in the middle are millions of Brazilians, waiting to see how this high-stakes political poker game will play out.

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