Haddad to Meet with Party Leaders Amidst IOF Tax Hike Controversy

Brazil's Finance Minister Fernando Haddad addressed the nation today following the recent controversial decree that raised the IOF tax rate. The increase has sparked debate, and Haddad sought to clarify the government’s position. In a press conference following a meeting with President Lula and congressional leaders, Haddad stated, "We are taking all this care because we depend on the votes of the National Congress." He further emphasized that the government believes the measures are "just and sustainable." The meeting with party leaders is scheduled for this Sunday to discuss the decree in detail and ensure its passage through Congress. This proactive approach suggests the government is aware of the potential challenges and is working to secure the necessary support. The success of these efforts will be crucial for the government's economic agenda.