Economic team confirms primary surplus in election year

The economic team sent to the National Congress, on Friday (29), the PLOA (Annual Budget Law) for 2026, the last year of President Luiz Inácio Lula da Silva’s (PT) term. The proposal predicts a primary surplus of R$ 34.3 billion, equivalent to 0.25% of the GDP, and sets the limit for primary expenses at R$ 2.428 trillion.
The minimum wage is projected at R$ 1,631, with adjustments based on the INPC and a real gain of 2.5%. The proposal also guarantees the constitutional minimum amounts: R$ 245.5 billion for health, R$ 133.7 billion for education, and R$ 83 billion for investments.
In terms of social programs, the Bolsa Família will have a budget of R$ 158.6 billion, benefiting 19.9 million families. Social Security remains the main mandatory expense, reaching R$ 1.11 trillion.
The macroeconomic projections consider a 2.44% GDP growth, inflation at 3.6%, and an average Selic rate of 13.11% in 2026.
This information is subject to updates.