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Weekly Report - 24 July 2025 (WR-25-29)
BRAZIL: Government receives fiscal boost
The government of President Luiz Inácio Lula da Silva announced this week that it will unfreeze R$20.6bn (US$3.7bn) from its budget, following its decision in May to freeze R$31bn [WR-25-21]. The partial repeal of the previous budget freeze came after a ruling by supreme court (STF) justice Alexandre de Moraes on 16 July to restore the government’s tax increases which congress had struck down in June.
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