The Budget Guidelines Law (LDO) determines goals and priorities that must be followed by the government in the following year. This Tuesday, 9, the 2023 LDO was sanctioned by the president Jair Bolsonaro (PL). The signed text was published in the Official Gazette on Wednesday. Understand what can change in the minimum wage.
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The Bill of Budgetary Guidelines Law (LDO – PLN 5/22) for 2023 passed for approval in the Plenary of the National Congress and went to the presidential sanction, where it received 36 vetoes. Such vetoes will still be analyzed by Congress and can be maintained or overturned. In addition, there may be changes in forecasts for 2023.
Despite opposition, the text retained some criteria, such as the minimum wage set at R$1,294, i.e., an increase of R$82 compared to 2022. Other parameters maintained were: inflation forecast of 3.3% by the Consumer Price Index (IPCA), which monitors the variation in market prices for the final consumer; 10% Selic rate, which is the reference for the cost of credit lines; in addition to the growth of the Gross Domestic Product (GDP) of 2.5%.
As has been said, some of the points in the text were sanctioned by the president, as is the case with Annex VII, which provides for priority for the 2023 financial year included by parliamentarians. According to Bolsonaro, such a rule would further increase budget rigidity, which could have negative impacts on the economic sector and legal uncertainty.
Another sanctioned point maintains the payment of the “secret budget” which provides for the same value of the bench and individual amendments added together. These are parliamentary amendments whose resources are earmarked for works, especially by deputies and senators. However, there are controversies regarding the transparency of these amendments by the Federal Supreme Court (STF) and by the Federal Audit Court (TCU).
