Flávio Bolsonaro Pledges Debt Ceiling at 65% of GDP — a Level Brazil Already Exceeds

Flávio Bolsonaro's campaign pledged a debt ceiling triggering automatic spending cuts once gross public debt exceeds 65% of GDP, adviser Adolfo Sachsida announced. Brazil's debt already nears 82% of GDP, meaning the threshold is already breached. The proposal would replace Lula's 2023 fiscal framework, which succeeded a 2016 spending cap that Jair Bolsonaro's government exceeded by R$794.9 billion.