Flávio Bolsonaro's Debt Ceiling Plan Targets 65% of GDP — a Mark Brazil Already Passed

Flávio Bolsonaro's campaign pledged a debt ceiling forcing automatic spending cuts above 65% of GDP, adviser Adolfo Sachsida announced. Brazil's debt already nears 82% of GDP, so the threshold is already breached. The plan would replace Lula's 2023 fiscal framework, which followed a 2016 spending cap that Jair Bolsonaro's government exceeded by R$794.9 billion.