Brazil President Sends Tender

The President of the Republic Jair Bolsonaro sent a Bill to the National Congress for the opening of special credit in the amount of R 312 million in favor of the Ministry of Labor and Social Security.The purpose of this supplementary credit is to allocate resources to meet the payment schedule of expert fees in actions in which the INSS is a party and which are the responsibility of the Federal Court within the scope of the National Institute of Social Security - INSS.This is because Law No. 14331 of May 4 2022 revoked art. 1 3 of Law No. 13876 of September 20 2019 and established new rules for payment of expert fees referring to judicial expertise carried out in claims in which the INSS is a party.The credit if approved will be financed from the cancellation of budget allocations not generating additional cost to the public coffers. The Bill does not affect the achievement of the primary result target nor does it affect the Spending Ceiling.The opening of this special credit will depend on the approval of the National Congress.