Brazil MEI Debt Forgiveness Bill to Cost R$3.04B Over Three Years

The Brazilian federal government announced a complementary bill to forgive debts of Individual Microentrepreneurs (MEIs) in the Union's Active Debt, with a fiscal impact of R$3.04 billion in revenue waivers from 2027 to 2029. The measure targets R$12.86 billion in total MEI debt held by 3.67 million debtors, but the waiver applies only to a portion. This is a fiscal policy shift that could signal broader debt-relief measures, but its market impact is limited given the relatively small size relative to Brazil's budget.