Lapid says Israel's promises 'crash into reality' as opposition rages at Lebanon ceasefire
The war with Lebanon, Yair Lapid said, can only end by fully and permanently removing the threat to Israel's northern communities.



If confirmed, it would mark the first positive result in federal accounts since 2022, considering all public spending.
The proposal will need congressional approval and will apply to the next president-elect, who may maintain or alter the rules with lawmakers’ consent.
Under the fiscal framework rule, which limits real spending growth (above inflation) to 70 percent of real revenue growth, federal spending could rise by up to 3.3 percent in 2027.
In absolute terms, the Brazilian government could spend up to BRL 2.541 trillion in 2027. Of that total, the Executive Branch could spend up to BRL 2.441 trillion.
The PLDO sets broad budget guidelines, while details on revenue and expenditure will be presented by August 31 with the submission of the Annual Budget Bill (PLOA).
The proposal underscores the challenge facing the next administration in balancing public accounts amid persistent fiscal pressures and moderate economic growth.


The bill also forecasts a drop in official inflation, as measured by the Broad National Consumer Price Index (IPCA), to 3.04 percent in 2027, compared to the 3.74 percent estimated for this year.
The bill also projects the Selic, the economy’s benchmark interest rate, at 10.55 percent per year in 2027, compared with the current 14.75 percent.
The text sent to Congress projects an average exchange rate of BRL 5.47 for 2027. Although oil is currently trading at around USD 100 per barrel, the bill estimates the commodity’s average price - used to project federal government royalty revenue - at USD 67.69 next year.