Brazil's Finance Minister Fernando Haddad has stated that the government relies on an increase in the Tax on Financial Operations (IOF) to achieve the 2026 fiscal target. Haddad emphasized the necessity of approving a partial rise in the IOF rate and proposed cutting R$15 billion in tax benefits to meet the budget goals. The government maintains its commitment to the current fiscal target of zero deficit for this year. Additionally, the Treasury Secretary Durigan projected that the government expects to raise R$20 billion in 2026 through cuts in tax incentives. Haddad also argued that raising the IOF would help combat tax evasion among the wealthy and contribute to balancing public accounts. The government's efforts to increase the IOF rate have sparked a debate with Congress.