Brazil FGTS council raises housing subsidy ceiling to R$13bn for 2026

Brazil's FGTS council approved a R$500 million increase in the discount ceiling for the Minha Casa, Minha Vida housing program, from R$12.5 billion to R$13 billion for 2026. This is a modest expansion of a flagship social housing subsidy, signaling continued fiscal commitment to the program. The move is unlikely to materially shift macro or market conditions.