Brazilian industrial executives want the next president to prioritize tax reductions and fiscal stability to improve national competitiveness, according to a new survey.

These demands highlight a critical tension between the industrial sector's need for lower operational costs and the government's requirement for fiscal discipline. The results suggest that the business community views structural economic reform as the primary driver for attracting investment and reducing public debt.

The Confederação Nacional da Indústria (CNI) conducted the research among 1,003 executives [1] representing small, medium, and large companies across Brazil. The findings, released Monday, identify five core priorities for the next administration: reducing the tax burden, consolidating tax reform, maintaining fiscal balance, controlling public spending, and fostering innovation [2].

A significant portion of the surveyed group emphasized the urgency of tax changes. Specifically, 29% of executives cited tax reductions and the consolidation of tax reform as their primary urgencies [1]. The CNI said these measures are essential to improve the investment environment and ensure that the national industry remains competitive on a global scale [2].

While the survey focuses on broad policy goals, other industry voices have pointed to specific financial hurdles. Roberto Sallouti said that one of the biggest bottlenecks for Brazilian industry is the cost of capital, rather than just the spread [3].

The CNI's report emphasizes that controlling public expenditures is not merely a budgetary preference but a necessity for long-term stability. By aligning fiscal balance with tax relief, the industry believes Brazil can create a more predictable economic landscape—one that encourages long-term industrial growth over short-term survival.

“29% of executives cited tax reductions and the consolidation of tax reform as their primary urgencies.”

The survey signals that the Brazilian industrial sector is seeking a shift toward supply-side economics, prioritizing lower taxes and reduced state spending to spur growth. By framing fiscal balance and tax reform as interdependent, the CNI is pushing for a governance model that limits public sector expansion to create a more favorable environment for private capital investment.