Bolsonaro advisor's R$200B spending cut plan resurfaces as election odds rise

Reports of a fiscal adjustment plan by Flávio Bolsonaro's economic advisor, Luiz Felipe Trevisan, have resurfaced on Faria Lima as the senator's election chances improve. The plan, presented to investors last month, proposes a 'reverse' Transition PEC with R$200 billion in spending cuts (1.5% of GDP) to be passed between election and inauguration. The proposal signals potential fiscal tightening if Bolsonaro wins, but its feasibility and market impact remain uncertain.