Tug-of-war over fiscal consolidation and other weekly topics

BRAZIL POLITICS - Report 03 Nov 2026 by Murillo de Aragão and Cristiano Noronha

The government may send Congress a Provisional Measure addressing the Selective Tax. A constitutional amendment may also be introduced to adjust the end of the 6-on/1-off work schedule for sectors subject to different working-hour arrangements. A meeting of Camex is expected to review the 12% export tax on crude oil. The Central Bank will decide on the benchmark interest rate.

This week's Talking Points:

* Key issues in November.

 * Flávio's move to the U.S. disrupts the opposition.

* Lula is reelected without regaining his early-term popularity.

 * Lula's new political asset.

 * Tug-of-war over fiscal consolidation.

 * Fonteles, Camilo Santana and Rui Costa gain influence in the PT.

Now read on...

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