Brazil Senate Approves R$15 Billion Tariff Bailout as 3% of Betting Revenue Shifts to Police
Updated
Updated · Valor International · Jul 9
Brazil Senate Approves R$15 Billion Tariff Bailout as 3% of Betting Revenue Shifts to Police
1 articles · Updated · Valor International · Jul 9
Summary
Two Senate-approved provisional measures now await Lula’s signature: a R$15 billion Brasil Soberano credit line for tariff-hit firms and a plan to route part of sports-betting revenue to the Federal Police fund.
The bailout package targets companies and exporters hurt by last year’s U.S. tariffs and Middle East war fallout, while also backing strategic goods such as critical minerals and capital equipment.
BNDES will run the credit lines and absorb loan risk through accredited lenders, with the monetary council setting terms and export-loss coverage falling first to the FGCE and then to the FGE if needed.
Senators widened the financing beyond manufacturing to agribusiness exporters, agro-industrial chains, cooperatives and associations, expanding the government’s original proposal.
The betting measure sends 3% of operators’ revenue to Funapol by 2028—starting at 1% in 2026—and adds a R$200 million federal contribution next year, reinforcing Lula’s public-security push before nationwide elections.