Brazil's Bruno Moretti: R$23.7 bn budget block safe for services, oil export gains curb fuel prices

Planning and Budget Minister Bruno Moretti told the “Bom Dia, Ministro” program that a newly imposed block of R$ 23.7 billion in discretionary spending will be distributed proportionally across ministries to avoid concentrated cuts. He stressed the measure is a temporary fiscal adjustment, not a permanent cut, and will not affect social benefits, public services, scholarships, or public works.

Moretti also said that extraordinary revenue from higher international oil prices was used to finance actions that mitigated the impact of the Ukraine‑Russia war on Brazilian fuel stations. He described the strategy as a success, noting that Brazil is among the least affected countries by the global energy crisis and that fuel‑price increases have already begun to recede. The minister added that the government is maintaining dialogue with Congress on “pautas‑bomba” proposals that could jeopardise fiscal balance.