On September 25, 2026, Brazil's government announced a plan to spend 15 billion reais to purchase up to 150 billion reais ($28 billion) in delinquent consumer debt from banks. The program aims to aid consumers before an upcoming vote.
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Brazil’s government plans to spend 15 billion reais to buy as much as 150 billion reais ($28 billion) of delinquent consumer debt from banks, part of President Luiz Inácio Lula da Silva’s push to ease the financial strain on households and bolster his bid for a fourth term.