Brazil government proposes R$12.6B debt forgiveness for MEI, Pix transfer unclear

Brazil's government has sent to Congress a bill to forgive R$12.6 billion in debts for individual micro-entrepreneurs (MEI), with effect only in 2027. A separate measure to transfer up to R$5,000 via Pix lacks formal text, criteria, or timeline. The debt forgiveness is a fiscal expansion that could pressure public accounts, while the Pix transfer remains speculative.