In brief

Durigan said the government will pursue the center of the fiscal target.

The change will be proposed through a complementary bill.

What we know

04

  1. Verified fact · material

    Minister Dario Durigan said on October 27, 2026 that the government will propose adjustments to pursue the center of the fiscal target.

    Commitment.

    Sources[01][02][03]

  2. Verified fact · material

    The adjustments will be proposed through a complementary bill, which requires congressional approval.

    Instrument.

    Sources[01][02]

  3. Verified fact

    According to Agência Brasil, the team is studying expanding the share of the budget that can be frozen.

    Freeze.

    Sources[03]

  4. Verified fact

    According to CNN Brasil, the change would end the 0.25 percentage point tolerance band of the target.

    Band.

    Sources[01]

Transmission to assets

Market read-through

The proposal has no amounts or text yet, and its effect depends on congressional approval.

Portfolio impact

01
Juros futurospositive

Fiscal signal may cut risk premium.

Measures lack detail.

What would change the view: Congress approves.

rates30% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Bill text
  • Name of the new finance minister

Limits of the reporting

What remains uncertain

  • The measures depend on Lula authorization and Congress.

Full sources

03
01
CNN BrasilDurigan diz que vai propor ajustes fiscais para perseguir centro da metaindependent newsroom
02
Correio BrazilienseFazenda promete perseguir centro da meta fiscal após eleiçãoindependent newsroom
03
Agência BrasilGoverno buscará cumprir meta fiscal com diálogo, diz Duriganindependent newsroom
06