Brazil CNJ orders return of R$4.7B in precatórios to Union

Brazil's National Council of Justice (CNJ) ordered the TRF-1 to cancel R$4.7 billion in precatórios (court-ordered government debts) and return the funds to the Treasury within five days. This is a significant judicial-administrative action affecting fiscal accounts, likely stemming from irregularities or procedural errors. The move could impact Brazil's fiscal position and government cash flow, though the exact reason for the cancellation remains unclear.