Brazil’s Lula Previews 2007 Budget and Bill that Will Bypass Congress

After finally getting a 2006 budget which approved by the Congress Tuesday night, April 18, the Brazilian government quickly unveiled its 2007 Budgetary Guideline bill  or Lei de Diretrizes Orçamentárias (LDO) for 2007.

The guidelines were presented during a special ceremony with the presence of ministers of Planning, Paulo Bernardo, and Finance, Guido Mantega.

In Brazil it is customary for the government to send Congress a sort of forecast of its budgetary intentions, which is known as the Budgetary Guideline bill, some time before it sends a budget bill.

The bill which was made public yesterday is certainly the child of the government’s recent difficulties in getting a budget out of Congress.

Among other things, it makes it possible for the executive branch to remove exclusive power over the budget from the legislature.

If it is approved it will be possible for the executive branch to spend money without complying with normal limits. It will be possible for the government to spend money without congressional approval.

According to the minister of Planning, this year the government was forced to emit nine temporary measures (medidas Provisórias – MPs) in order to keep the government running during the first four months of this year because it did not have a budget.

Agência Brasil

Tags:

Ads

You May Also Like

Weak Domestic Demand and Low Investment Make Brazil Ugly Duckling of LatAm’s Recovery

Brazil will have to resist pressures for fiscal easing to sustain high primary surpluses ...

Brazil Strikes Light Oil Off Sí£o Paulo Coast

It's been one week now that Brazil's government owned oil corporation Petrobras announced the ...

Death to Brazil’s Varig!

In Brazil, only a foolish traveler flies Varig; or those fuming patriots, who insist ...

Brazil’s Lula Gets Peace Prize from UNESCO

UNESCO, the United Nations Educational, Scientific and Cultural Organization awarded the Brazilian president, Luiz ...

Iraq – Brazil Watches and Waits

Lula is not a hypocrite like France’s Jacques Chirac. Brazil knows it makes no ...

In the Americas No Leader Is More Popular than Brazil’s Lula

Brazilian President Luiz Inácio Lula da Silva with 70% approval is the most popular ...

Brazil President’s Complaints in Germany and Now to Obama Are Not Making Her Friends

Brazilian president Dilma Rousseff, at the meeting yesterday at the White House with president ...

Brazil Starts Big Push for Organic Agriculture

Changing conventional agriculture into sustainable models is the goal of the National AgroEcological Program, ...

Invasion of Brazilian Congress Caused US$ 45,000 in Damages

It is estimated that the damage caused by the members of the Movement for ...

Brazil Uses Bamboo Handicraft to Generate New Jobs

A sustainable development program in the bamboo productive chain is contributing to the improvement ...