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Natixis survey: investors fear fiscal slippage under Lula or Flávio Bolsonaro
Valor Econômico·BR · US·about 8 hours ago
Brazilian President Lula (PT) publicly criticized the current budget allocation where Congress controls 50% of the Union Budget, arguing that 'presidentialism was hijacked' and that the Executive should execute the budget. This marks a notable escalation in the ongoing power struggle between the presidency and the legislature over fiscal control, potentially signaling a push for constitutional or procedural changes. The statement is likely to intensify political tensions ahead of budget negotiations.