In December 2017, the budget for the Administrative Council for Economic Defense (CADE) for the year 2018 was approved, within the government proposal, as being R$ 46.1 million. This resulted in an increase of about 27% compared to the budget for 2017, of R$ 36.3 million, which was highly celebrated by the antitrust community.
However, the Brazilian Congress, when dealing with the general budget of the Federal Union, made a cut of about R$ 20 million, which, in practice, resulted in a decrease compared to the previous year. This cut will obviously cause a reduction of CADE’s activity, leading to a reduction of the collection provided to the Federal Union by means of collected fines and contributions.
