LDO vote expected to remain for next Wednesday in Congress



[ad_1]

BRASÍLIA – The Budgetary Budget (CMO) Budget Budget Act (CMO) 2014 (19459004) is scheduled to take place next Wednesday (11), according to an agreement signed by the collegiate leaders.

The agreement was announced by the Chief of Government of the CMO, Cláudio Cajado (PP-BA), and confirmed by the President of the CMO, Mário Negromonte Jr. (PP- BA)

According to Estadão / Broadcast an attempt was made to accept voting in committee, paving the way for a vote in plenary on Wednesday (4). Some parliamentarians are in a hurry to return to their electoral bases for the election campaign, but the idea has not succeeded

The text must be reviewed before the start of the parliamentary holidays of 18 July. In practice, however, only this week and the next few weeks remain to vote in Congress

. At this point, the 2014 OPL rapporteur, Senator Dalírio Beber (PSDB-SC), reads the opinion at the CMO. The text adds a number of restrictive spending measures, such as the inability to negotiate server increases or create jobs next year. The proposal also calls for a plan for reviewing the next President's revenue and expenditure, with measures to reduce tax and tax benefits by half over a decade.

After the reading, the members will discuss the report. Subsequently, the CMO session will be suspended, and will begin the deadline for submission of highlights, changes in the text that are voted separately by the Collegiate Gold Rule

. After the Congress, the consultants severely criticized the government's alternative of complying with the so-called "golden rule" by sending the Budget Law Bill (LDO), the rapporteur, the Senator Dalírio Beber (PSDB-SC) kept the text in the form sent by the economic team.

The basic rule prevents the issuance of debt for the payment of current expenses, such as wages. With a gap of about 260 billion reais in the norm in 2019, the government sent the PLDO with conditional expenditures to the approval of an additional credit the following year. This credit is the only exception that allows the issuance of a debt for the payment of current expenses.

The consultants argued that the PLDO's cost-conditioning mechanism would be unconstitutional, since the exception to the gold rule only applies to the period of time. budget execution (that is, during the exercise). In addition, they warned of the political risk that the next president will depend on the National Congress to approve a credit of R $ 260 billion, otherwise he will not be able to pay expenses such as wages or social security benefits.

::: WHAT IS THE LDO? :::

– The Budget Guidelines (LDO) define the government's financial objectives and priorities for next year.

– By a constitutional decision, the government is obliged to send the draft budget bill to the National Congress no later than August 31 of each year.

– – LDO provides for changes in tax laws and sets policy for the application of financial development agencies.

– On the basis of the LDO approved by the Legislature, the Federal Budget Secretariat (SOF) prepares the draft budget for the following year, with the Ministries and Budget Units of the Legislative and Judiciary branches.

  Estadão Content

[ad_2]
Source link