A bill that would push the percentage from federal lottery prizes in Brazil going to public coffers down by 3% has been postponed by the Chamber of Deputies. 2824/20 is likely to be up for debate next week.
Since Deputy Felipe Carreras unveiled the project last week, the Ministry of Economy has been trying to stop the vote because it argues that “as it was redacted, the impacts of the measure to help organizations and athletes make the execution unfeasible,” as informed by BNL Data.
The Ministry estimated that the impact on public coffers could reach $2.8bn, which seeks to reduce lottery prizes by 3% to allocate the money to local sports throughout the country. The number, however, has been questioned by deputy Alexandre Frota, who says that it affects the economy.
“We are talking about financial aid, greater exemption under the Incentive Law. All this affects the government’s economy and must be negotiated. I will do everything I can for this to succeed,” said former Olympian athlete and Deputy Luis Lima.
The government’s economic team will meet representatives on Thursday to change the text that will be voted in the House, which is likely to happen next Tuesday.
The measure includes an emergency aid of $112 for athletes and people linked to sports for three months. It also allows the use of funds from the federal lotteries to pay taxes and administrative debts.
Under the bill, the prizes of several lotteries, including Mega-Sena, Quina, Lotofácil, Double Sena, Lotomania and Lucky Day, would fall from 43.79% to 40.79%. Timemania and LOTEX would go from 65% to 62%.