Brazilian Congress Passes 2006 Budget After Government Caves In

Almost four months late, last night a joint session of the Brazilian Congress approved a budget bill for 2006. The bill now goes to President Luiz Inácio Lula da Silva who must approve it. He can veto some items.

Approval came after a long day of hard negotiations. The government was forced to give ground on some points. The most controversial was the funding for the construction of a bridge in the state of Sergipe in the Brazilian Northeast. 

Sergipe is a state governed by João Alves Filho from the Liberal Front Party (PFL), an opposition party, which the government claims has not been complying with federal accountability norms or Lei de Responsabilidade Fiscal.

The negotiations to resolve the problem included the participation of the president of the Senate, Renan Calheiros (PMDB, Alagoas), various political party leaders and the governor of Sergipe.

Three other sticking points, the construction of a gas pipeline in the Amazon (Coari – Manaus), federal funding for the 2007 Pan American games to be held in Rio de Janeiro, and, finally, an irrigation project in the state of Bahia, were all resolved in the afternoon.

As approved, the budget estimates government net revenues of 455.6 billion reais (US$ 215 billion). Expenditures will be 104 billion reais (US$ 49 billion) with payroll and related expenses; 162 billion reais (US$ 76 billion) for social security expenses; 90 billion reais (US$ 42 billion) for state entitlements; executive branch investments are to total 20 billion reais (US$ 9.4 billion): and there is to be a primary surplus of 48 billion reais (US$ 22.6 billion).

Agência Brasil

Tags:

Ads

You May Also Like

Brazil Reduces Long Term Interest Rates from 9% to 8.15%

The President of Brazil Central Bank, Henrique Meirelles, admitted, this Friday, March 31, that ...

The Reaction of the Wretched in Brazil

Despite the elections taking place this Sunday or maybe because of them, it’s important ...

A Brazilian

Want to Be a Prostitute? The Brazilian Government Can Teach You How

The Brazilian government maintains in the site of the Labor and Employment Ministry a ...

Controversy over Brazilian ‘Lost’ Indians Shows Media Bias, Says Survival

London-based Survival International, an organization dedicated to defend the human rights of tribal peoples, ...

Speedo Now Means Bike in Brazil

Speedo, a multinational in the sports product area, is going to release a line ...

After 44 Back-to-back Days of Rain São Paulo Goes in State of Attention

São Paulo city, in the Brazilian Southeast, had today its 44th consecutive day of ...

Brazilian Bishop Decides to Starve to Death Over River Transposition

With the aim of stopping the São Francisco River transposition project, the Catholic bishop ...

Argentina’s President Elect Tells Brazilians: ‘We Want Results’

Stating that it had been a most "fruitful and successful" meeting, but not revealing ...

Brazil 2009 – The Year of Living Dangerously

The year 2009 will be the penultimate of President Luiz Inácio Lula da Silva’s ...

Supreme Court Intervention Forces Brazil Congress to Slow Down Corruption Processes

The opposition parties decided Thursday, September 15, to grant a period for the deputies ...