Brazil to Amend 2027 Budget to Fund Bolsa Família Increase

Brazil's Planning Minister Bruno Moretti announced the government will request a congressional amendment to the 2027 Annual Budget Bill to accommodate a R$ 22.7 billion increase in Bolsa Família spending, a departure from past practice of unfunded expenses. The move comes as the Secretariat of Economic Policy cut its 2027 GDP growth forecast from 2.5% to 2.3%, raising questions about revenue adequacy. The fiscal impact and revenue measures remain undefined, signaling potential strain on Brazil's fiscal targets.