Brazil plans R$150B debt buyback at 90% discount, cost R$15B

Brazil's federal government plans to purchase up to R$150 billion in debts under the Desenrola 3.0 program, requiring a minimum discount of 90%, with an estimated fiscal cost of R$15 billion. The final amount depends on participation, and the program aims to reduce household debt burdens. This is a fiscal expansion that could affect Brazil's primary balance and market sentiment.