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Program

Pé-de-Meia Program (Nest Egg)

Problem
Abandonment and dropout in public high school.
Who it serves
Low-income students enrolled in public high school, from families registered in the CadÚnico, under the terms of the law.
How it works
A financial-educational incentive in the form of savings, deposited in the student's personal account, with amounts tied to enrollment, attendance, completion of each school year with a passing grade and participation in the Enem; the last two can only be withdrawn after the high school completion certificate. The law provides for a privately structured fund, which may be managed by an official financial agent. Law No. 14,818/2024 originated in the Legislative Branch, in PL 54/2021, by Representative Tabata Amaral and other representatives, whose statement of justification cites Renda Melhor Jovem, created by Rio de Janeiro in 2011; MP 1,198/2023, which established a similar savings scheme, lapsed without being converted into law.

EducationIncome and social protection

Relation to the Lula governments

Created under Lula · Third term (since 2023) · since November 2023

Provisional Measure No. 1,198 of November 27, 2023, signed by Luiz Inácio Lula da Silva, established the savings incentive for the retention and school completion of high school students within the Ministry of Education.[1]

Law No. 14,818 of January 16, 2024, signed into law by Luiz Inácio Lula da Silva and published in the Official Gazette (DOU) on January 17, 2024, establishes a financial-educational incentive, in the form of savings, intended for the retention and school completion of students enrolled in public high school.[2]

Decree No. 11,901 of January 26, 2024, signed by Lula, Fernando Haddad and Camilo Santana, regulates Law 14,818/2024 and says it creates the Programa Pé-de-Meia, whose purpose is to coordinate, manage and carry out the financial-educational incentive.[3]

Shared implementation · Third term (since 2023) · since 2024

The law requires that states, the DF and municipalities collaborate and provide the information needed to carry out the incentive, to enable access for the students in their systems.[4]

The decree provides for a commitment agreement between the MEC and the school systems; failure to share the information on time may lead to nonpayment of the incentives for the period, and the accuracy of the information is the sole responsibility of the school system.[5]

MEC Ordinance No. 83/2024 defines as operating agents of Pé-de-Meia the state, district and municipal education systems and the federal institutions that offer high school, the MEC and the executing financial agent; the latter is responsible for processing the information sent by the MEC, opening the students' accounts and carrying out the transfers.[6]

Origin and precursors

Origin milestone: founding legal act, Third term (since 2023).

Law No. 14,818 of January 16, 2024, signed into law by Luiz Inácio Lula da Silva and published in the Official Gazette (DOU) on January 17, 2024, establishes a financial-educational incentive, in the form of savings, intended for the retention and school completion of students enrolled in public high school.[2]

Precursors

  • PL 54/2021 (Chamber of Deputies), the originating bill of Law 14,818/2024 earlier legal basis The record for Law No. 14,818/2024 in the Chamber's legislation database lists PL 54/2021 as the originating bill and the Legislative Branch as the origin.[7]
  • MP 1,198/2023, under which the fund was established and received the December 2023 capital payment; it lost effect on May 6, 2024 without conversion earlier legal basis Provisional Measure No. 1,198 of November 27, 2023, signed by Luiz Inácio Lula da Silva, established the savings incentive for the retention and school completion of high school students within the Ministry of Education.[1]
  • Education conditionality of Bolsa Família similar initiative, no succession stated by the source The MEC plan says that the importance of conditionalities to encourage attendance in basic education goes back to Bolsa Família (art. 3 of Law 10,836/2004), but it draws a distinction: Bolsa Família, in its initial phase, required attendance of children and adolescents aged 6 to 15, whereas Pé-de-Meia focuses on high school. In its original wording, Law 10,836/2004 conditioned the benefits, among other points, on school attendance of 85% at a regular educational establishment, and the variable benefit covered children between 0 and 12 years old or adolescents up to 15.[8]
  • State programs to encourage school retention cited by the MEC (AL, BA, RS) similar initiative, no succession stated by the source According to the table of similar experiences in the MEC plan, there are similar state programs: Cartão Escola 10 (Seduc Alagoas, created in 2021, monthly stipend and annual prizes for students in regular high school and EJA); Bolsa Presença (Seduc Bahia, created in 2021, monthly incentives for students from Cadastro Único families, conditioned on school attendance); and Todo Jovem na Escola (Seduc Rio Grande do Sul, reformulated in 2024, monthly incentive and annual prize for high school students from Cadastro Único families).[9]
  • Foreign experiences cited by the MEC and by the PL similar initiative, no succession stated by the source The MEC plan also lists foreign experiences: Subsidios Condicionados a la Asistencia Escolar (Bogotá, 2005 to 2012), Jóvenes con Oportunidades (Mexico, 2003 to 2019, with a prize that can be withdrawn only after the end of high school) and Child Trust Fund (England).[10]
  • Renda Melhor Jovem (Rio de Janeiro), created by State Law 6,088/2011 similar initiative, no succession stated by the source The Programa Renda Melhor Jovem was created by State Law No. 6,088 of November 25, 2011, of Rio de Janeiro, with an Approval Prize for each year completed, with a passing grade, in high school, for young people from families served by the Programa Renda Melhor, under the coordination of the State Secretariat for Social Assistance and Human Rights, in coordination with the State Secretariat for Education. The statement of justification of PL 54/2021 cites the program, managed by the Government of the State of Rio de Janeiro, and the MEC plan lists it as a similar experience with the indication 'Created in 2021', a date different from that of the 2011 law.[11]

Precursor investigation: new structure established (October 14, 2026).

Scope: Text of Law 14,818/2024 and Decree 11,901/2024 (Senate and Chamber; Planalto inaccessible at the time of collection), progress of PL 54/2021, MP 1,198/2023 and CN Act 28/2024, MEC plan (archived copy) and Conof Study 07/2024. Also: Rio de Janeiro State Law 6,088/2011 (ALERJ), Law 10,836/2004 (original wording), Message No. 31/2024 and Veto No. 3/2024 (Congress), MEC plan read in the original PDF.

Responsibilities

  • Ministry of Education federal management

    The law assigns to the federal authority for education the verification of the requirements and the operationalization of the incentive, and also the evaluation of results, with a view to possible improvements.[12]

  • National Congress (PL 54/2021, the originating bill of the law) legislative approval

    The record for Law No. 14,818/2024 in the Chamber's legislation database lists PL 54/2021 as the originating bill and the Legislative Branch as the origin.[7]

  • States, Federal District, municipalities and federal school networks (student information) state implementation

    The law requires that states, the DF and municipalities collaborate and provide the information needed to carry out the incentive, to enable access for the students in their systems.[4]

  • Official financial agent of the fund (FIPEM) financial operation

    A technical note from the MEC sent to the Chamber in June 2024 identifies the fund as the Fund for Financing and Managing the Savings Incentive for Retention and School Completion for High School Students (FIPEM) and states that its statement is published monthly by the Caixa Econômica Federal on the Government Funds channel. The TCU uses another name: Fund for Incentive to Retention in High School (Fipem).[13]

  • Federal Court of Accounts (TCU) oversight

    According to a TCU news item published on February 12, 2025, in Ruling 297/2025 - Plenary (TC 024.312/2024-0), the TCU granted a period of 120 days for the federal government to seek to bring the financing of the Pé-de-Meia program into line with what the budget and fiscal responsibility rules require.[14]

Timeline

Timeline of Pé-de-Meia Program (Nest Egg)
DatePhaseWhat happened
2021AnnouncementBill in the Chamber (PL 54/2021), later the originating bill of the law.[15]
November 2023Legal actProvisional measure 1,198/2023, which ceased to be in force in 2024.[1]
December 2023Legal actMinistry of Finance Ordinance 1,660 authorizes the Union's payment of shares into the fund, based on MP 1,198/2023.[16]
December 2023ImplementationTransfer of R$6.1 billion to the fund (payment of shares, fiscal year 2023); it is not a payment to students.[17]
2024ImplementationFirst payments, according to the government.[18]
January 2024Legal actLaw 14,818/2024 establishes the incentive.[2]
January 2024LaunchDecree 11,901/2024 creates the Programa Pé-de-Meia.[3]
March 2024ImplementationFirst transfer from the fund for paying the incentives to students.[19]
May 2024Legal act§ 1 of art. 15 of Law 14,818/2024 is promulgated after the veto is rejected.[20]
May 2024Legal actMP 1,198/2023 loses effect without conversion; Law 14,818/2024 came from PL 54/2021.[21]
November 2025Legal actLaw 15,265/2025 makes the Union's participation in the fund subject to budget availability.[22]

What was established

Law 14,818/2024 lists as objectives, among others, democratizing young people's access to high school and encouraging retention, reducing rates of grade repetition, abandonment and school dropout, and encouraging social mobility (objectives stated in the law, not results).[23]

The law was enacted with a partial veto. The published text of the message reads 'MESSAGE No. 31, OF JANUARY 16, 2024', and the Congress record gives Message No. 31 of 2024, published in the Official Gazette (DOU) on January 17, 2024 and docketed as Veto No. 3/2024; the Senate's record for the law lists 'Partial Veto Message No. 32 of January 16, 2024', a different number, without explanation in the sources examined. In a session on May 9, 2024, Congress upheld the vetoes to art. 3, § 3, item I, to art. 3, § 4, and to art. 5, § 6, and rejected the veto to art. 15, § 1.[24]

In Congress, the partial veto of PL 54/2021 was docketed as Veto No. 3/2024, from Message No. 31/2024, received on January 17, 2024; at the joint session of May 9, 2024, the veto was upheld for three provisions and rejected for one, and the vetoed and rejected parts of Law 14,818/2024 were promulgated and published in the Official Gazette (DOU) of May 22, 2024.[25]

Law 14,818/2024 was published in the Official Gazette (DOU) of January 17, 2024 and entered into force 10 days after publication; the Senate's record states that the amendments it made to other laws take effect on January 27, 2024. The payment of shares in December 2023 occurred before the law, on the basis of MP 1,198/2023 and Ministry of Finance Ordinance No. 1,660/2023.[26]

How it works

Decree 11,901/2024 set the incentives: an Enrollment Incentive of R$200.00 per year; an Attendance Incentive of R$1,800.00 in total per year; a Completion Incentive of R$1,000.00 in total per year; and an Enem Incentive of R$200.00 in total.[27]

Under the decree, the Enrollment Incentive requires enrollment registered within two months after the start of the school year and registration in the CPF; the Attendance Incentive requires minimum school attendance of eighty percent of the total instructional hours.[28]

The Completion Incentive accumulates for each school year completed with a passing grade and can only be withdrawn after the high school completion certificate; the Enem Incentive requires proven participation in the Enem and a completion certificate, and is granted only once to the third-year student.[29]

The law requires that the deposits tied to enrollment and attendance be made at least 9 times per year and be withdrawable at any time; those tied to approval and to the Enem can only be withdrawn after the completion certificate and must correspond to at least 1/3 of the total deposited in each student's account.[30]

The requirements set in the law include enrollment at the start of each school year, minimum attendance of 80% of instructional hours, completion of the year with a passing grade, participation in the Saeb and, for the final year, in the Enem. The incentive is not counted in the calculation of family income for other social assistance benefits.[31]

The amounts are deposited in a personal, non-transferable account in the student's name, which may be opened automatically as a digital social savings account or in alternative forms provided for in the contract with the financial agent, including investment in Tesouro Educa+ securities; use of the account by the student depends on the consent of those responsible when necessary.[32]

The decree provides for disenrollment upon request, loss of eligibility, dropout, abandonment or failing the year twice in a row or over a period of two years, death and fraud; in case of fraud, the student has no right to re-enter.[33]

According to the MEC, considering the ten incentive installments, the annual deposits and the additional R$200 for participating in the National High School Exam (Enem), the amounts reach R$9,200 for the student who completes all of high school. This is the maximum possible amount, not an average paid.[34]

According to the MEC, the school systems report student data to the ministry through a computerized system; based on this, the MEC defines the public covered and verifies the requirements, and the payrolls are sent to the Caixa Econômica Federal, which opens the accounts and makes the payments.[35]

For 2026, MEC Ordinance No. 169/2026 sets: an Enrollment Incentive in a single installment of R$200.00 per year, for those who enroll within two months after the start of the school term; an Attendance Incentive, for those who reach at least 80% attendance, in up to nine installments of R$200.00 in regular high school and in up to four installments per semester of R$225.00 in the EJA; a Completion Incentive of R$1,000.00 per school term completed with a passing grade, with a limit of R$3,000.00 over the course of high school; and an Enem Incentive of R$200.00, in a single installment, for graduating students who take both days of the exam.[36]

MEC Ordinance No. 169/2026, published in the Official Gazette (DOU) of February 19, 2026, establishes 15 data transmission windows for the 2026 reference year: the 1st, with data from January 2026, has payment from March 23 to 30, 2026; the 11th, with data from December 2026, from February 22 to March 1, 2027; and the 2026 calendar ends on June 4, 2027. The ordinance says that the windows are operational and are not to be confused with the number of installments owed to students.[37]

MEC Ordinance No. 83/2024 set the Attendance Incentive at 9 annual installments (total of R$1,800.00), but determined that, exceptionally in 2024, 8 installments would be paid.[38]

Who it serves

Under the law, eligible students are low-income students enrolled in high school in the public systems, in all modalities, from families registered in the CadÚnico, with priority for those whose monthly per capita income is up to the limit set in item II of the caput of art. 5 of Law No. 14,601 of June 19, 2023; in the EJA, students aged 19 (nineteen) to 24 (twenty-four).[39]

The decree defines as eligible low-income students aged fourteen to twenty-four enrolled in public high school from families in the CadÚnico; it excludes those who receive Bolsa Família benefits and belong to single-person families; and it gives priority to students from Bolsa Família beneficiary families.[40]

The MEC plan of August 2024 described the target public as students aged 14 to 24 enrolled in high school in the public systems, from families registered in the CadÚnico, prioritizing beneficiaries of the Programa Bolsa Família, excluding those from single-person families, and recorded as planned for fiscal year 2024 the expansion to the EJA and the expansion of the CadÚnico to include families with income of up to half a minimum wage per person or total family income of up to three minimum wages.[41]

For the 2026 reference year, MEC Ordinance No. 169/2026 considers eligible the students who meet the requirements of the law and whose monthly per capita family income is equal to or less than half a minimum wage; for the requirements of the law that depend on the CadÚnico, it will consider the 2026 CadÚnico databases, in force until August 7, 2026.[42]

Governance

Decree 11,901 established the Steering Committee of the Programa Pé-de-Meia, with two representatives from each of these bodies: the MEC (which coordinates), the Casa Civil (Chief of Staff's Office) and the Ministry of Finance; among other things, it is responsible for proposing additional eligibility criteria and the amounts of the incentives.[43]

Law 14,818 provides that the fund may be created, administered and managed by an official financial agent, has a private nature and separate assets, may not have a guarantee or surety from the public authorities, and must provide for the participation of other shareholders.[44]

Under Decree 12,010/2024, the Office of the Attorney General for the National Treasury represents the Union at the fund's shareholder meetings, and the participation committee reviews audit reports, accountability reports and the fund's financial statements.[45]

The law requires that the list of students covered be publicly accessible. In July 2025, the MEC reported that the data had become available on the Transparency Portal (managed by the CGU), without the name, CPF or NIS of students who are minors.[46]

The MEC plan (August 2024) identifies the Caixa Econômica Federal (CEF) as the contracted executing financial agent of Pé-de-Meia, responsible for processing the MEC's information, opening the students' accounts and carrying out the transfers, and also as manager of the fund.[47]

The MEC plan (August 2024) planned to evaluate the causal impact of the program on retention and completion in high school, with delivery in July 2025 by external consultants to be hired, and proposed conducting the evaluation process through a Decentralized Execution Agreement (TED) with federal higher education institutions.[48]

Changes

Decree No. 12,010 of May 1, 2024, amended Decree No. 11,901 of January 26, 2024, to establish the Participation Committee of the Fund that finances and manages the savings under the Programa Pé-de-Meia, with representatives of the MEC (which coordinates), the Casa Civil (Chief of Staff's Office) and the Ministry of Finance.[49]

Law No. 14,945 of July 31, 2024 (high school guidelines) amended art. 1 of Law 14,818/2024 to include among those eligible students of community rural education schools under agreement with the public authorities and to add, as an associable criterion, enrollment in high school integrated with professional and technological education.[50]

According to the Pé-de-Meia legislation page on the MEC portal, Ordinance No. 83 of February 7, 2024, establishes the rules and procedures for managing the financial-educational incentives of Pé-de-Meia; Ordinance No. 84 of February 7, 2024, establishes the operational calendar of Pé-de-Meia for 2024; and Interministerial Ordinance MEC/MF No. 8 of August 7, 2024, establishes rules and procedures for managing Pé-de-Meia for the EJA modality. The same page lists later ordinances that amend Ordinance No. 83, such as Ordinance No. 364 of April 19, 2024.[51]

Implementation

According to Conof Study 07/2024, based on the FIPEM statements (Caixa/Government Funds), the transfer from the fund to the financial agent for paying incentives was R$633.1 million in August 2024; from December 2023 to August 2024, the payments into the fund totaled R$12,100,000,000 and the withdrawals (transfers for paying incentives, net of returns) totaled R$2,874,906,200. The withdrawals measure what left the fund for payment to students; the amounts paid in measure what entered the fund.[52]

Budget and spending

Figures are nominal unless stated otherwise. Announced, authorized, committed, liquidated and paid amounts are different things and appear with the type indicated. In SIOP lines, "paid" means paid within the same fiscal year (arrears settled later are not counted), and one budget action can fund more than one program: the text says when the action is only part of a program.

In its original wording, Law 14,818 authorized the Union to participate in the fund up to an overall limit of R$20,000,000,000.00 (twenty billion reais) and authorized the use of the fund's financial surpluses referred to in art. 46 of Law No. 12,351 of December 22, 2010, determined between 2018 and 2023, as a source of funds for paying in the fund, up to a maximum of R$13,000,000,000.00 (thirteen billion reais). These are authorizations, not amounts executed.[53]

The law authorizes transferring to the fund amounts not used as guarantees for operations of the Operations Guarantee Fund (FGO, Law 13,999/2020) and of the Educational Credit Operations Guarantee Fund (FGEDUC).[54]

In response to the Chamber (June 2024), the MEC stated that the Statement of Reasons of the MP limited the Union's payment into the fund to R$20 billion over the entire period of the program and that the calculation worksheet, after discounting the average rate of grade repetition and abandonment (12.7%), arrived at an annual amount of about R$7 billion (estimate).[55]

A TCU news item published on February 12, 2025, about Ruling 297/2025 - Plenary, says that this program is expected to serve 3.9 million high school students at an annual cost of R$12.5 billion (a forecast cited by the court, not an amount paid).[56]

On April 1, 2026, according to an MEC news item, Lula stated that the investment in Pé-de-Meia 'so far' was R$18.6 billion, and the MEC attributed it to the 2024 and 2025 school years (an amount declared by the government, with no type of execution stated).[57]

In SIOP, action 00W2, of the National Education Development Fund, had in fiscal year 2023 an initial appropriation of zero and R$6,100,000,000 authorized, committed, liquidated and paid (nominal values), divided into two budget plans: 0001, tied to Complementary Law No. 203 of December 15, 2023 (R$6,000,000,000), and 0002, special credit (R$100,000,000). Action 00W2 records the Union's payment of shares into the fund (a transfer from the budget to the fund), not the payment of incentives to students. The first transfer from the fund for paying incentives took place in March 2024, according to the Conof.[58]

In SIOP, action 00W2 had in fiscal year 2024 an initial appropriation of R$1,000,000,000 (budget plan 0000), but authorized, committed, liquidated and paid amounts equal to zero (nominal values): there was no payment of shares by the Union through this action in 2024. Action 00W2 records the Union's payment of shares into the fund (a transfer from the budget to the fund), not the payment of incentives to students. According to the Conof, in June 2024 there was a payment of shares by the FGEDUC, in the amount of R$6 billion.[59]

In SIOP, action 00W2 had in fiscal year 2025 an initial appropriation of R$1,000,000,000 and R$1,030,000,000 authorized, committed, liquidated and paid (budget plan 0000, nominal values). Action 00W2 records the Union's payment of shares into the fund (a transfer from the budget to the fund), not the payment of incentives to students.[60]

In SIOP, in the fiscal year 2026 in progress (partial amounts, subject to update), action 00W2 had an initial appropriation of R$11,458,463,673, an authorized amount of R$10,386,901,511 and R$9,500,000,000 committed, liquidated and paid (budget plan 0000, nominal values). Action 00W2 records the Union's payment of shares into the fund (a transfer from the budget to the fund), not the payment of incentives to students.[61]

According to the MEC plan, the assets of the Fipem in June 2024 were R$10,138,646,047.13, per a Caixa (CEF) report extracted on July 25, 2024 (an amount reported by the government, nominal).[62]

Complementary Law No. 203 of December 15, 2023, determined that, in fiscal year 2023, expenditures on a program established by specific legislation to encourage students' retention in high school would not be counted toward the limits of art. 12 of Complementary Law No. 200/2023, up to R$6,000,000,000.00, and authorized the use of the financial surplus of the fund referred to in art. 46 of Law No. 12,351/2010 as a source for these expenditures, through additional credit by bill.[63]

Law No. 14,771 of December 22, 2023, opened a special credit that included R$100,000,000 in action 00W2 (Payment of Shares by the Union into a Private Fund Intended to Finance and Manage a Savings Incentive for Retention and School Completion for High School Students), in the National Education Development Fund, and authorized the Executive Branch to increase the appropriations of that action with the financial surplus of 2022, excess revenue or cancellation of appropriations.[64]

Decree No. 11,847 of December 22, 2023, based on art. 3, item II, of Law No. 14,771/2023, increased by R$6,000,000,000.00 the appropriation of action 00W2 in the National Education Development Fund, with funds from excess revenue relating to the Union's Unrestricted Resources.[65]

According to Conof Technical Study No. 10/2023, the fund provided for in MP 1,198/2023 was registered in the CNPJ on December 22, 2023 under the corporate name Fund for Financing the Savings Incentive for Retention and School Completion for High School Students (FIPEM), and the expenditures for paying in shares, in the amount authorized by the Ministry of Finance, were committed on December 27, 2023 and liquidated and paid on December 28, 2023.[66]

On June 25, 2025, the Presidency of the Republic sent to Congress PLN 5/2025, which opened supplementary credit of R$685,921,778.00 to the Ministry of Education to supplement the Pé-de-Meia budget; the bill was withdrawn at the author's request (Message No. 1,712 of 2025) and archived on November 19, 2025.[67]

Beneficiaries

Annual flow, a monthly stock and a cumulative total cannot be added together.

In the MEC news item titled 'Pé-de-Meia will benefit more than 2.4 million students', the Minister of Education, Camilo Santana, stated that about 1,430,000 accounts had already been opened, approximately, for low-income Brazilian high school students (figures reported by the government; the 2.4 million is a forecast).[68]

In August 2024, the MEC stated that the expansion would raise the number of beneficiaries from 2.7 million to almost 4 million students (a planned stock, reported by the government; a target, not a delivery).[69]

According to the MEC (July 2025), the Transparency Portal detailed more than R$10 billion transferred to 5.6 million students, counting installments paid through June 2025 (2024 calendar and first installment of 2025); there were 4 million beneficiaries in the first year. The figure of 5.6 million is cumulative, not an annual stock (reported by the government).[70]

In April 2026, the MEC reported 5.6 million students benefited since the creation of the program (cumulative), equivalent to 54% of all public high school students; according to 2025 data, 51.5% of the beneficiaries were girls and 72.9% were Black (pretos and pardos). Data reported by the government.[71]

According to the MEC (August 2024), all states, the Federal District and 74 municipal education secretariats that offer regular high school joined the program.[72]

Deliverables

Announcement, contracting, completion and operation are different phases.

According to the MEC, the ministry began on February 26 the payment of the Pé-de-Meia high school completion installments, in the amounts of R$1,000 and of R$200 for participating in the 2025 Enem, to those who meet the criteria; the transfers may occur up to the period of June 29 to July 6, 2026.[73]

Observed results

A result observed during a term may have causes other than the program.

In April 2026, the MEC announced that the high school dropout rate went from 6.4% in 2022 to 3.6% in 2024 (a drop of 43%) and that grade repetition fell 33% in the same period, and attributed the improvement to the program. This is official communication: the news item does not present a design that separates the program's effect from other factors.[74]

In August 2024, the MEC reported that, after the start of the program, students showed average attendance of 86.1% in March and 88.1% in April (a figure reported by the government, with no comparison to an earlier period).[75]

Audits

According to the TCU news item, the rapporteur joined the vote of Minister Bruno Dantas, who voted to revoke the precautionary measure because he saw no 'smoke of good law' (fumus boni iuris) and because of the risk of reverse danger in delay (periculum in mora).[76]

According to the MEC, by a precautionary measure of January 22, the TCU had barred the ministry from allocating FGO and Fgeduc funds to financing Pé-de-Meia; in its appeal, the AGU argued that there is no illegality whatsoever in transferring such funds and asked that, if the TCU decision was not reversed, its effects take place only in 2026, with a period of 120 days for the Federal Government to present a plan to comply with the decision.[77]

According to a TCU news item published on February 12, 2025, the court decided, under the rapporteurship of Minister Augusto Nardes, that Pé-de-Meia may be carried out, provisionally and exceptionally, with funds from the Fund for Incentive to Retention in High School (Fipem).[78]

According to a TCU news item of January 22, 2025, in the precautionary measure endorsed on that date (TC 024.312/2024-0), the court pointed out that part of the amounts transferred to the Fipem (those of the Fgeduc and the FGO) did not go through the proper budget process and ordered the Ministry of Education not to use funds from these two funds unless they were transferred to the Single Account of the National Treasury and included in the budget law. The news item states that up to then R$6.1 billion from the Social Fund and R$6 billion from the Fgeduc had been transferred to the Fipem.[79]

In the TCU news item on Ruling 297/2025, Minister Aroldo Cedraz, the second reviewing minister, came out in favor of revoking the precautionary measure and stated that the Pé-de-Meia law has the same normative standing as the other laws that deal with budgetary and financial matters (a minister's statement, not a ground of the ruling).[80]

According to a TCU news item of March 24, 2026, in Ruling 663/2026 - Plenary (TC 005.592/2025-9, rapporteur Benjamin Zymler), the inspection found Pé-de-Meia beneficiaries with a CPF in the statuses canceled, pending regularization, suspended and deceased holder (2,902 students) and with a death record (2,721 students); the rapporteur considered the incidence low in view of about 4 million beneficiaries, and the court denied the precautionary measure and ordered the MEC to suspend payments and block amounts for beneficiaries identified with the CPF of deceased persons.[81]

Limitations

A technical study by the Conof on MP 1,198/2023 (December 2023), the responsibility of its authors, concluded that the MP sponsors an off-budget mechanism: the FIPEM would remove from the budget the expenditures on transfers to beneficiaries and would exclude them from the primary expenditure limit of Complementary Law 200/2023.[82]

Conof Technical Study 03/2024 concluded that paying in shares of the FIPEM without prior appropriation in the Union's budget violates the principles of budgetary universality and legality and art. 26 of the Fiscal Responsibility Law (the authors' interpretation).[83]

Conof Study 07/2024 concluded that, with the FIPEM, the payments of the incentives stop counting toward the limits of the Sustainable Fiscal Regime, that recording the transfers to the financial agent as expenditures of the fund itself has no legal, regulatory or statutory support, and that the expenditure on incentives must be included in the annual budget law (the authors' interpretation).[84]

An Ipea Discussion Paper (July 2026) records, based on the authors' studies, that the program's coverage still faces bottlenecks: the CadÚnico covers about two thirds of the potential public estimated by the Continuous PNAD, and there are eligible young people outside the registry or not identified by the school systems.[85]

Context

Under the Constitution (art. 62, § 3 and § 11, as worded by Constitutional Amendment No. 32/2001), a provisional measure not converted into law loses effect from the time it was issued, and Congress is to regulate by legislative decree the legal relations arising from it; if the legislative decree is not issued within sixty days after the loss of effect, the legal relations constituted and arising from acts carried out during the validity of the MP remain governed by it.[86]

Origin

The statement of justification of PL 54/2021 estimated a cost of approximately R$1.7 billion in 2021, R$1.7 billion in 2022 and R$1.2 billion in 2023, according to calculations by the Chamber's Budget Consultancy using Cadastro Único data (a proposal estimate, not execution).[87]

MP 1,198/2023 authorized the Union to participate, up to an overall limit of R$20,000,000,000.00 (twenty billion reais), in a fund intended to finance and manage the students' savings, and provided that this fund could be created, administered and managed by the Caixa Econômica Federal. The payment of shares by the Union would be authorized by an act of the Minister of Finance and could be made, among other means, by a contribution from the Union provided for in the Annual Budget Law.[88]

According to the Senate's legislation database, MP 1,198/2023 was published in the Official Gazette (DOU) (extra edition) on November 28, 2023, had its validity extended by Act of the President of the National Congress No. 5 of February 28, 2024, and had its validity declared ended by Act No. 28 of May 8, 2024.[89]

A technical study by the Chamber's Budget Consultancy (Conof), the responsibility of its authors, concluded that a large part of the text of Law 14,818/2024 is similar to that of MP 1,198/2023 and that the object, the target public and the way of operating the savings scheme are the same in both acts.[90]

The MEC's Monitoring and Evaluation Plan (version 1.0, of August 1, 2024) states that initiatives of subnational governments and of other countries were reflected in PL 54/2021, which, according to the document, served as the legislative template for the program.[91]

Precursors

In the MEC's assessment, with the emergence of state programs in the early post-pandemic period, the Pé-de-Meia program generally incorporated mechanisms of the programs listed into its dynamics, resulting in its own logic that combines regular incentives with accumulation in savings.[92]

State Law No. 6,088 of November 25, 2011, of Rio de Janeiro, created the Programa Renda Melhor Jovem, intended for young people from families served by the Programa Renda Melhor who enter or have entered state-system high school before turning 18, with a prize for each year of high school completed with a passing grade.[93]

What remains to be documented

  • Impact evaluations: No evaluation with a causal design on observed results of Pé-de-Meia had been opened by the cutoff date; the MEC plan envisaged the impact evaluation for July 2025.

Sources and evidence

Excerpts are quoted in the original language of the source.

  1. 1. Provisional Measure No. 1,198 of November 27, 2023, signed by Luiz Inácio Lula da Silva, established the savings incentive for the retention and school completion of high school students within the Ministry of Education.

  2. 2. Law No. 14,818 of January 16, 2024, signed into law by Luiz Inácio Lula da Silva and published in the Official Gazette (DOU) on January 17, 2024, establishes a financial-educational incentive, in the form of savings, intended for the retention and school completion of students enrolled in public high school.

  3. 3. Decree No. 11,901 of January 26, 2024, signed by Lula, Fernando Haddad and Camilo Santana, regulates Law 14,818/2024 and says it creates the Programa Pé-de-Meia, whose purpose is to coordinate, manage and carry out the financial-educational incentive.

    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 1, caput. Accessed October 13, 2026.
      “Art. 1º Este Decreto regulamenta a Lei nº 14.818, de 16 de janeiro de 2024, que institui incentivo financeiro-educacional, na modalidade de poupança, destinado à permanência e à conclusão escolar de estudantes matriculados no ensino médio público, e cria o Programa Pé-de-Meia.”
    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 1, sole paragraph. Accessed October 13, 2026.
      “O Programa Pé-de-Meia tem por finalidade coordenar, gerir e executar o incentivo financeiro-educacional de que trata o caput”
    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: closing and signatures. Accessed October 13, 2026.
      “Brasília, 26 de janeiro de 2024; 203º da Independência e 136º da República. LUIZ INÁCIO LULA DA SILVA Fernando Haddad Camilo Sobreira de Santana”

  4. 4. The law requires that states, the DF and municipalities collaborate and provide the information needed to carry out the incentive, to enable access for the students in their systems.

    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 4, caput. Accessed October 13, 2026.
      “Art. 4º Os Estados, o Distrito Federal e os Municípios colaborarão e prestarão as informações necessárias à execução do incentivo de que trata esta Lei, a fim de possibilitar o acesso dos estudantes matriculados nas respectivas redes de ensino a esse incentivo, nos termos do regulamento.”

  5. 5. The decree provides for a commitment agreement between the MEC and the school systems; failure to share the information on time may lead to nonpayment of the incentives for the period, and the accuracy of the information is the sole responsibility of the school system.

    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 7, § 2. Accessed October 13, 2026.
      “§ 2º O não compartilhamento das informações pelos sistemas de ensino no prazo previsto no termo de compromisso poderá ensejar o não pagamento dos incentivos relativos ao período em que as informações não foram compartilhadas.”
    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 7, § 3. Accessed October 13, 2026.
      “§ 3º A veracidade das informações prestadas será de responsabilidade exclusiva do sistema de ensino ofertante.”

  6. 6. MEC Ordinance No. 83/2024 defines as operating agents of Pé-de-Meia the state, district and municipal education systems and the federal institutions that offer high school, the MEC and the executing financial agent; the latter is responsible for processing the information sent by the MEC, opening the students' accounts and carrying out the transfers.

  7. 7. The record for Law No. 14,818/2024 in the Chamber's legislation database lists PL 54/2021 as the originating bill and the Legislative Branch as the origin.

  8. 8. The MEC plan says that the importance of conditionalities to encourage attendance in basic education goes back to Bolsa Família (art. 3 of Law 10,836/2004), but it draws a distinction: Bolsa Família, in its initial phase, required attendance of children and adolescents aged 6 to 15, whereas Pé-de-Meia focuses on high school. In its original wording, Law 10,836/2004 conditioned the benefits, among other points, on school attendance of 85% at a regular educational establishment, and the variable benefit covered children between 0 and 12 years old or adolescents up to 15.

    • Plano de Monitoramento e Avaliação do Programa Pé-de-Meia, versão 1.0 (arquivo PDF original preservado pelo Internet Archive em 03/04/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured April 3, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: PDF p. 11, section 1.2.1. Accessed October 14, 2026.
      “A importância de implementar mecanismos pautados em condicionalidades para incentivar a frequência dos alunos da educação básica remonta dos primórdios do programa Bolsa Família, conforme positivado no art. 3º, da Lei nº 10.836, de 9 de janeiro de 2004.”
    • Plano de Monitoramento e Avaliação do Programa Pé-de-Meia, versão 1.0 (arquivo PDF original preservado pelo Internet Archive em 03/04/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured April 3, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: PDF p. 11, section 1.2.1. Accessed October 14, 2026.
      “Ao contrário do programa Bolsa Família, que enfatizava na sua fase inicial apenas a presença de crianças e adolescentes entre 6 e 15 anos como condicionalidade, o programa “Pé-de-Meia” alcança uma faixa etária diferente, concentrando-se no ensino médio3.”
    • Lei nº 10.836, de 9 de janeiro de 2004 — Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 3, caput (original wording). Accessed October 14, 2026.
      “Art. 3º A concessão dos benefícios dependerá do cumprimento, no que couber, de condicionalidades relativas ao exame prénatal, ao acompanhamento nutricional, ao acompanhamento de saúde, à freqüência escolar de 85% (oitenta e cinco por cento) em estabelecimento de ensino regular”
    • Lei nº 10.836, de 9 de janeiro de 2004 — Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 2, item II (original wording). Accessed October 14, 2026.
      “crianças entre 0 (zero) e 12 (doze) anos ou adolescentes até 15 (quinze) anos.”

  9. 9. According to the table of similar experiences in the MEC plan, there are similar state programs: Cartão Escola 10 (Seduc Alagoas, created in 2021, monthly stipend and annual prizes for students in regular high school and EJA); Bolsa Presença (Seduc Bahia, created in 2021, monthly incentives for students from Cadastro Único families, conditioned on school attendance); and Todo Jovem na Escola (Seduc Rio Grande do Sul, reformulated in 2024, monthly incentive and annual prize for high school students from Cadastro Único families).

  10. 10. The MEC plan also lists foreign experiences: Subsidios Condicionados a la Asistencia Escolar (Bogotá, 2005 to 2012), Jóvenes con Oportunidades (Mexico, 2003 to 2019, with a prize that can be withdrawn only after the end of high school) and Child Trust Fund (England).

  11. 11. The Programa Renda Melhor Jovem was created by State Law No. 6,088 of November 25, 2011, of Rio de Janeiro, with an Approval Prize for each year completed, with a passing grade, in high school, for young people from families served by the Programa Renda Melhor, under the coordination of the State Secretariat for Social Assistance and Human Rights, in coordination with the State Secretariat for Education. The statement of justification of PL 54/2021 cites the program, managed by the Government of the State of Rio de Janeiro, and the MEC plan lists it as a similar experience with the indication 'Created in 2021', a date different from that of the 2011 law.

  12. 12. The law assigns to the federal authority for education the verification of the requirements and the operationalization of the incentive, and also the evaluation of results, with a view to possible improvements.

    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 3, § 1. Accessed October 13, 2026.
      “§ 1º A verificação dos requisitos de que trata este artigo e a operacionalização do incentivo de que trata esta Lei ficarão sob a responsabilidade da autoridade competente federal responsável pela área de educação.”
    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 12. Accessed October 13, 2026.
      “Art. 12. A autoridade competente federal responsável pela área de educação procederá à avaliação dos resultados do incentivo à permanência e à conclusão escolar, com vistas a eventuais aperfeiçoamentos.”

  13. 13. A technical note from the MEC sent to the Chamber in June 2024 identifies the fund as the Fund for Financing and Managing the Savings Incentive for Retention and School Completion for High School Students (FIPEM) and states that its statement is published monthly by the Caixa Econômica Federal on the Government Funds channel. The TCU uses another name: Fund for Incentive to Retention in High School (Fipem).

  14. 14. According to a TCU news item published on February 12, 2025, in Ruling 297/2025 - Plenary (TC 024.312/2024-0), the TCU granted a period of 120 days for the federal government to seek to bring the financing of the Pé-de-Meia program into line with what the budget and fiscal responsibility rules require.

  15. 15. Bill No. 54/2021, introduced in the Chamber of Deputies on February 3, 2021, authored by Representative Tabata Amaral and also signed by other representatives, proposed amending Law No. 10,836 of January 9, 2004 (Bolsa Família) to provide for the creation of a financial incentive for high school students.

    • Projeto de Lei nº 54/2021 (inteiro teor) · Chamber of Deputies Official record
      Where: p. 1, filing stamp. Accessed October 13, 2026.
      “Apresentação: 03/02/2021 16:26 - Mesa”
    • Projeto de Lei nº 54/2021 (inteiro teor) · Chamber of Deputies Official record
      Where: p. 1, authorship. Accessed October 13, 2026.
      “(Da Sra. TABATA AMARAL)”
    • Projeto de Lei nº 54/2021 (inteiro teor) · Chamber of Deputies Official record
      Where: p. 1, summary. Accessed October 13, 2026.
      “Altera a Lei nº 10.836, de 9 de janeiro de 2004, que cria o Programa Bolsa Família e dá outras providências, para dispor sobre a criação de incentivo financeiro ao estudante do ensino médio.”
    • Projeto de Lei nº 54/2021 (inteiro teor) · Chamber of Deputies Official record
      Where: p. 10, list of electronic signatures. Accessed October 14, 2026.
      “Assinaram eletronicamente o documento CD211979797800, nesta ordem: 1 Dep. Tabata Amaral (PDT/SP) 2 Dep. Idilvan Alencar (PDT/CE) 3 Dep. Professor Israel Batista (PV/DF)”

  16. 16. Ministry of Finance Ordinance No. 1,660 of December 27, 2023 (Official Gazette (DOU), extra edition), issued on the basis of § 1 of art. 6 of Provisional Measure No. 1,198 of November 27, 2023, authorized the Union to pay in shares to the private fund intended to finance and manage the high school savings, up to the amount of R$6,100,000,000.00, to be carried out by the National Education Development Fund (FNDE) through decentralization of funds from budget action 00W2. It is a transfer to the fund, not a payment to students. According to the MEC plan, the 2024 LOA provided R$1 billion in action 00W2.

  17. 17. According to a Conof study (September 2024), in December 2023 the Union paid in 61,000,000 shares of the FIPEM, at R$100.0 each, and the fund's initial assets came to R$6.1 billion; in June 2024 there was a payment of shares by the FGEDUC, in the amount of R$6 billion.

  18. 18. According to a Ministry of Education news item published on March 25, 2024, on that day (Monday, March 25) President Luiz Inácio Lula da Silva and the Minister of Education, Camilo Santana, announced the payment of the first financial-educational incentive of the Pé-de-Meia program, at a ceremony at the Planalto Palace, in Brasília; students received the cards for their accounts, created by the Caixa Econômica Federal, and the first installment would be paid on March 26.

  19. 19. The same Conof study records the FIPEM's first transfer for paying incentives in March 2024, of R$488.7 million, and a transfer of R$704.9 million in June 2024 (nominal values, according to the fund's statements).

  20. 20. With the rejection of the veto, § 1 of art. 15 of Law 14,818/2024 was promulgated on May 21, 2024, under which the Executive Branch must reconcile the number of incentives and of students who receive them with the existing budget appropriations. The caput of art. 15 says that the expenditures are discretionary and subject to budgetary and financial availability.

  21. 21. According to the proceedings in the Chamber of Deputies, MP 1,198/2023 had its deadline extended to May 6, 2024 and lapsed: Act No. 28 of the President of the Bureau of the National Congress announced the end of the validity period on May 6, 2024. Afterward, the Chamber received Official Letter No. 229/2024-CN, which announces the end of the period for issuing a legislative decree on the MP. The MP was not converted into law.

  22. 22. Law No. 15,265 of November 21, 2025, signed by Geraldo José Rodrigues Alckmin Filho, gave new wording to art. 7 of Law No. 14,818 of January 16, 2024: for purposes of operationalizing the incentive, subject to budgetary and financial availability, the Union is authorized to participate in a fund whose purpose is to finance and manage the incentive. The law also established that the financial-educational incentive constitutes a study grant for students enrolled in public high school.

    • Lei nº 15.265, de 21 de novembro de 2025 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 38 (new wording of art. 7, caput, of Law 14,818). Accessed October 13, 2026.
      “Art. 7º Para fins de operacionalização do incentivo de que trata esta Lei, respeitadas as disponibilidades orçamentárias e financeiras, é a União autorizada a participar de fundo que tenha por finalidade custear e gerir o incentivo estabelecido nesta Lei.”
    • Lei nº 15.265, de 21 de novembro de 2025 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 38 (art. 1, § 4, added to Law 14,818). Accessed October 13, 2026.
      “§ 4º O incentivo financeiro-educacional de que trata o caput constitui bolsa de estudo para estudantes matriculados no ensino médio público.”
    • Lei nº 15.265, de 21 de novembro de 2025 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: closing and signatures. Accessed October 13, 2026.
      “Belém, 21 de novembro de 2025; 204º da Independência e 137º da República. GERALDO JOSÉ RODRIGUES ALCKMIN FILHO”
    • Lei nº 15.265, de 21 de novembro de 2025 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 38, caput. Accessed October 14, 2026.
      “Art. 38. A Lei nº 14.818, de 16 de janeiro de 2024 , passa a vigorar com as seguintes alterações:”

  23. 23. Law 14,818/2024 lists as objectives, among others, democratizing young people's access to high school and encouraging retention, reducing rates of grade repetition, abandonment and school dropout, and encouraging social mobility (objectives stated in the law, not results).

  24. 24. The law was enacted with a partial veto. The published text of the message reads 'MESSAGE No. 31, OF JANUARY 16, 2024', and the Congress record gives Message No. 31 of 2024, published in the Official Gazette (DOU) on January 17, 2024 and docketed as Veto No. 3/2024; the Senate's record for the law lists 'Partial Veto Message No. 32 of January 16, 2024', a different number, without explanation in the sources examined. In a session on May 9, 2024, Congress upheld the vetoes to art. 3, § 3, item I, to art. 3, § 4, and to art. 5, § 6, and rejected the veto to art. 15, § 1.

  25. 25. In Congress, the partial veto of PL 54/2021 was docketed as Veto No. 3/2024, from Message No. 31/2024, received on January 17, 2024; at the joint session of May 9, 2024, the veto was upheld for three provisions and rejected for one, and the vetoed and rejected parts of Law 14,818/2024 were promulgated and published in the Official Gazette (DOU) of May 22, 2024.

  26. 26. Law 14,818/2024 was published in the Official Gazette (DOU) of January 17, 2024 and entered into force 10 days after publication; the Senate's record states that the amendments it made to other laws take effect on January 27, 2024. The payment of shares in December 2023 occurred before the law, on the basis of MP 1,198/2023 and Ministry of Finance Ordinance No. 1,660/2023.

  27. 27. Decree 11,901/2024 set the incentives: an Enrollment Incentive of R$200.00 per year; an Attendance Incentive of R$1,800.00 in total per year; a Completion Incentive of R$1,000.00 in total per year; and an Enem Incentive of R$200.00 in total.

    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 4, items I to IV. Accessed October 13, 2026.
      “I - Incentivo Matrícula, no valor anual de R$ 200,00 (duzentos reais); II - Incentivo Frequência, no valor total anual de R$ 1.800,00 (mil e oitocentos reais); III - Incentivo Conclusão, no valor total anual de R$ 1.000,00 (mil reais); e IV - Incentivo Enem, no valor total de R$ 200,00 (duzentos reais).”

  28. 28. Under the decree, the Enrollment Incentive requires enrollment registered within two months after the start of the school year and registration in the CPF; the Attendance Incentive requires minimum school attendance of eighty percent of the total instructional hours.

    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 4, § 1. Accessed October 13, 2026.
      “I - a matrícula do estudante em série do ensino médio público registrada até dois meses após o início do ano letivo; e II - a inscrição do estudante no Cadastro de Pessoas Físicas - CPF.”
    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 4, § 2. Accessed October 13, 2026.
      “A concessão do Incentivo Frequência terá como requisito a frequência escolar mínima de oitenta por cento do total de horas letivas, aferida pela média do período letivo transcorrido ou pela frequência mensal do estudante,”

  29. 29. The Completion Incentive accumulates for each school year completed with a passing grade and can only be withdrawn after the high school completion certificate; the Enem Incentive requires proven participation in the Enem and a completion certificate, and is granted only once to the third-year student.

    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 4, § 4. Accessed October 13, 2026.
      “§ 4º O valor do Incentivo Conclusão será acumulado por ano letivo concluído com aprovação e somente será resgatado após a obtenção do certificado de conclusão do ensino médio.”
    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 4, § 5. Accessed October 13, 2026.
      “A concessão do Incentivo Enem terá como requisitos a participação comprovada no Exame Nacional do Ensino Médio - Enem e a obtenção de certificado de conclusão do ensino médio, e será deferida apenas uma vez ao estudante matriculado no terceiro ano do ensino médio.”

  30. 30. The law requires that the deposits tied to enrollment and attendance be made at least 9 times per year and be withdrawable at any time; those tied to approval and to the Enem can only be withdrawn after the completion certificate and must correspond to at least 1/3 of the total deposited in each student's account.

  31. 31. The requirements set in the law include enrollment at the start of each school year, minimum attendance of 80% of instructional hours, completion of the year with a passing grade, participation in the Saeb and, for the final year, in the Enem. The incentive is not counted in the calculation of family income for other social assistance benefits.

  32. 32. The amounts are deposited in a personal, non-transferable account in the student's name, which may be opened automatically as a digital social savings account or in alternative forms provided for in the contract with the financial agent, including investment in Tesouro Educa+ securities; use of the account by the student depends on the consent of those responsible when necessary.

    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 8, § 1. Accessed October 13, 2026.
      “I - de forma automática, do tipo poupança social digital, nos termos do disposto na Lei nº 14.075, de 22 de outubro de 2020; ou II - em formas alternativas estabelecidas em contrato firmado com o agente financeiro do Programa Pé-de-Meia, com isenção de cobrança de tarifas de manutenção, inclusive a aplicação em títulos públicos federais vinculados ao Tesouro Educa+”
    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 8, § 2. Accessed October 13, 2026.
      “§ 2º A movimentação da conta de que trata o caput será feita pelo estudante mediante consentimento dos responsáveis legais, quando necessário.”

  33. 33. The decree provides for disenrollment upon request, loss of eligibility, dropout, abandonment or failing the year twice in a row or over a period of two years, death and fraud; in case of fraud, the student has no right to re-enter.

    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 5, items I to V. Accessed October 13, 2026.
      “I - requerimento do interessado; II - perda dos requisitos de elegibilidade, na forma prevista no art. 3º; III - evasão, abandono ou reprovação por duas vezes consecutivas ou pelo período de dois anos; IV - falecimento; e V - situação comprovada de fraude ou irregularidade.”
    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 5, § 3. Accessed October 13, 2026.
      “o estudante não terá direito ao reingresso no Programa Pé-de-Meia, ainda que permaneça elegível.”

  34. 34. According to the MEC, considering the ten incentive installments, the annual deposits and the additional R$200 for participating in the National High School Exam (Enem), the amounts reach R$9,200 for the student who completes all of high school. This is the maximum possible amount, not an average paid.

    • Pé-de-Meia alcançará quase 4 milhões de estudantes (cópia do Internet Archive de 09/08/2024) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured August 9, 2024); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: paragraph 'Benefit'. Accessed October 14, 2026.
      “Considerando as dez parcelas de incentivo, os depósitos anuais e o adicional de R$ 200 pela participação no Exame Nacional do Ensino Médio (Enem), os valores chegam a R$ 9.200 para o aluno que cursar todo o ensino médio.”

  35. 35. According to the MEC, the school systems report student data to the ministry through a computerized system; based on this, the MEC defines the public covered and verifies the requirements, and the payrolls are sent to the Caixa Econômica Federal, which opens the accounts and makes the payments.

    • Como funciona – Pé-de-Meia (cópia do Internet Archive de 19/01/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured January 19, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: opening paragraph. Accessed October 14, 2026.
      “Com base nesses dados, o MEC define o público contemplado, além de acompanhar e verificar o cumprimento dos requisitos, para fins de pagamento dos incentivos. As folhas de pagamento são enviadas à Caixa Econômica Federal, que abre as contas e efetua os pagamentos.”

  36. 36. For 2026, MEC Ordinance No. 169/2026 sets: an Enrollment Incentive in a single installment of R$200.00 per year, for those who enroll within two months after the start of the school term; an Attendance Incentive, for those who reach at least 80% attendance, in up to nine installments of R$200.00 in regular high school and in up to four installments per semester of R$225.00 in the EJA; a Completion Incentive of R$1,000.00 per school term completed with a passing grade, with a limit of R$3,000.00 over the course of high school; and an Enem Incentive of R$200.00, in a single installment, for graduating students who take both days of the exam.

  37. 37. MEC Ordinance No. 169/2026, published in the Official Gazette (DOU) of February 19, 2026, establishes 15 data transmission windows for the 2026 reference year: the 1st, with data from January 2026, has payment from March 23 to 30, 2026; the 11th, with data from December 2026, from February 22 to March 1, 2027; and the 2026 calendar ends on June 4, 2027. The ordinance says that the windows are operational and are not to be confused with the number of installments owed to students.

  38. 38. MEC Ordinance No. 83/2024 set the Attendance Incentive at 9 annual installments (total of R$1,800.00), but determined that, exceptionally in 2024, 8 installments would be paid.

  39. 39. Under the law, eligible students are low-income students enrolled in high school in the public systems, in all modalities, from families registered in the CadÚnico, with priority for those whose monthly per capita income is up to the limit set in item II of the caput of art. 5 of Law No. 14,601 of June 19, 2023; in the EJA, students aged 19 (nineteen) to 24 (twenty-four).

    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 1, § 1 (original wording). Accessed October 13, 2026.
      “§ 1º São elegíveis ao incentivo de que trata esta Lei os estudantes de baixa renda regularmente matriculados no ensino médio das redes públicas, em todas as modalidades, e pertencentes a famílias inscritas no Cadastro Único para Programas Sociais do Governo Federal (CadÚnico), com prioridade aos que tenham renda per capita mensal até o limite estabelecido no inciso II do caput do art. 5º da Lei nº 14.601, de 19 de junho de 2023”
    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 1, § 2. Accessed October 13, 2026.
      “§ 2º Para a modalidade de Educação de Jovens e Adultos (EJA), são elegíveis ao incentivo de que trata esta Lei os estudantes de 19 (dezenove) a 24 (vinte e quatro) anos.”

  40. 40. The decree defines as eligible low-income students aged fourteen to twenty-four enrolled in public high school from families in the CadÚnico; it excludes those who receive Bolsa Família benefits and belong to single-person families; and it gives priority to students from Bolsa Família beneficiary families.

    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 3, caput. Accessed October 13, 2026.
      “São elegíveis ao Programa Pé-de-Meia os estudantes de baixa renda regularmente matriculados no ensino médio das redes públicas, em todas as modalidades, com idade compreendida entre quatorze e vinte e quatro anos, que integrem famílias inscritas no Cadastro Único para Programas Sociais do Governo Federal - CadÚnico.”
    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 3, § 2. Accessed October 13, 2026.
      “Os estudantes elegíveis que integrem famílias beneficiárias do Programa Bolsa Família, de que trata a Lei nº 14.601, de 2023, têm prioridade na concessão dos incentivos financeiro-educacionais do Programa Pé-de-Meia.”
    • Decreto nº 11.901, de 26 de janeiro de 2024 – Publicação Original · Chamber of Deputies (Computerized Legislation) Official legal act
      Where: art. 3, § 1. Accessed October 14, 2026.
      “§ 1º Não são elegíveis ao Programa Pé-de-Meia os estudantes que recebam os benefícios do Programa Bolsa Família de que tratam os incisos I a V do § 1º do art. 7º da Lei nº 14.601, de 19 de junho de 2023, e que integrem famílias unipessoais.”

  41. 41. The MEC plan of August 2024 described the target public as students aged 14 to 24 enrolled in high school in the public systems, from families registered in the CadÚnico, prioritizing beneficiaries of the Programa Bolsa Família, excluding those from single-person families, and recorded as planned for fiscal year 2024 the expansion to the EJA and the expansion of the CadÚnico to include families with income of up to half a minimum wage per person or total family income of up to three minimum wages.

    • Plano de Monitoramento e Avaliação do Programa Pé-de-Meia, versão 1.0 (arquivo PDF original preservado pelo Internet Archive em 03/04/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured April 3, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: PDF p. 16, section 2.3. Accessed October 14, 2026.
      “Estudantes regularmente matriculados no ensino médio das redes públicas, em todas as modalidades, com idade entre 14 (quatorze) e 24 (vinte e quatro) anos, que integrem famílias inscritas no Cadastro Único para Programas Sociais do Governo Federal (CadÚnico), priorizados os beneficiários do Programa Bolsa Família, excluídos aqueles de famílias unipessoais.”
    • Plano de Monitoramento e Avaliação do Programa Pé-de-Meia, versão 1.0 (arquivo PDF original preservado pelo Internet Archive em 03/04/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured April 3, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: PDF p. 16, section 2.3. Accessed October 14, 2026.
      “A ampliação do programa para a o público-alvo da Educação de Jovens e Adultos (EJA) e a expansão do Cadúnico, para inclusão de famílias com renda de até meio salário-mínimo por pessoa ou renda familiar total até três pisos, estão previstas para o exercício de 2024.”

  42. 42. For the 2026 reference year, MEC Ordinance No. 169/2026 considers eligible the students who meet the requirements of the law and whose monthly per capita family income is equal to or less than half a minimum wage; for the requirements of the law that depend on the CadÚnico, it will consider the 2026 CadÚnico databases, in force until August 7, 2026.

  43. 43. Decree 11,901 established the Steering Committee of the Programa Pé-de-Meia, with two representatives from each of these bodies: the MEC (which coordinates), the Casa Civil (Chief of Staff's Office) and the Ministry of Finance; among other things, it is responsible for proposing additional eligibility criteria and the amounts of the incentives.

  44. 44. Law 14,818 provides that the fund may be created, administered and managed by an official financial agent, has a private nature and separate assets, may not have a guarantee or surety from the public authorities, and must provide for the participation of other shareholders.

    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 8, caput and § 1. Accessed October 13, 2026.
      “Art. 8º O fundo de que trata o art. 7º desta Lei poderá ser criado, administrado, gerido e representado judicial e extrajudicialmente por agente financeiro oficial. § 1º O fundo de que trata o art. 7º desta Lei terá natureza privada e patrimônio próprio separado do patrimônio dos cotistas e da instituição administradora”
    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 7, § 3, I. Accessed October 13, 2026.
      “I – não poderá contar com qualquer tipo de garantia ou aval por parte do poder público e responderá por suas obrigações até o limite dos bens e direitos integrantes de seu patrimônio;”

  45. 45. Under Decree 12,010/2024, the Office of the Attorney General for the National Treasury represents the Union at the fund's shareholder meetings, and the participation committee reviews audit reports, accountability reports and the fund's financial statements.

    • Decreto nº 12.010, de 1º de maio de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 15-H added. Accessed October 13, 2026.
      “Art. 15-H. À Procuradoria-Geral da Fazenda Nacional compete representar a União nas assembleias de cotistas do Fundo,”
    • Decreto nº 12.010, de 1º de maio de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 15-B, items III and IV added. Accessed October 13, 2026.
      “III – examinar os relatórios de auditoria relacionados ao Fundo; IV – examinar a prestação de contas, os balanços anuais e as demonstrações financeiras, a partir dos relatórios elaborados pela administradora do Fundo;”

  46. 46. The law requires that the list of students covered be publicly accessible. In July 2025, the MEC reported that the data had become available on the Transparency Portal (managed by the CGU), without the name, CPF or NIS of students who are minors.

  47. 47. The MEC plan (August 2024) identifies the Caixa Econômica Federal (CEF) as the contracted executing financial agent of Pé-de-Meia, responsible for processing the MEC's information, opening the students' accounts and carrying out the transfers, and also as manager of the fund.

  48. 48. The MEC plan (August 2024) planned to evaluate the causal impact of the program on retention and completion in high school, with delivery in July 2025 by external consultants to be hired, and proposed conducting the evaluation process through a Decentralized Execution Agreement (TED) with federal higher education institutions.

  49. 49. Decree No. 12,010 of May 1, 2024, amended Decree No. 11,901 of January 26, 2024, to establish the Participation Committee of the Fund that finances and manages the savings under the Programa Pé-de-Meia, with representatives of the MEC (which coordinates), the Casa Civil (Chief of Staff's Office) and the Ministry of Finance.

    • Decreto nº 12.010, de 1º de maio de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 15-A added. Accessed October 13, 2026.
      “Art. 15-A. Fica instituído o Comitê de Participação do Fundo para custear e gerir a Poupança de Incentivo à Permanência e Conclusão Escolar, no âmbito do Programa Pé-de-Meia, nos termos do disposto no art. 7º da Lei nº 14.818, de 16 de janeiro de 2024”
    • Decreto nº 12.010, de 1º de maio de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 15-C added. Accessed October 13, 2026.
      “Art. 15-C. O Comitê de Participação do Fundo é composto por dois representantes dos seguintes órgãos: I – Ministério da Educação, um dos quais o coordenará; II – Casa Civil da Presidência da República; e III – Ministério da Fazenda.”
    • Decreto nº 12.010, de 1º de maio de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: header. Accessed October 14, 2026.
      “DECRETO Nº 12.010, DE 1 DE MAIO DE 2024”
    • Decreto nº 12.010, de 1º de maio de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: summary. Accessed October 14, 2026.
      “Altera o Decreto nº 11.901, de 26 de janeiro de 2024 , para instituir o Comitê de Participação do Fundo para custear e gerir a Poupança de Incentivo à Permanência e Conclusão Escolar, no âmbito do Programa Pé-de-Meia.”
    • Decreto nº 12.010, de 1º de maio de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: closing. Accessed October 14, 2026.
      “Brasília, 1º de maio de 2024; 203º da Independência e 136º da República.”

  50. 50. Law No. 14,945 of July 31, 2024 (high school guidelines) amended art. 1 of Law 14,818/2024 to include among those eligible students of community rural education schools under agreement with the public authorities and to add, as an associable criterion, enrollment in high school integrated with professional and technological education.

    • Lei nº 14.945, de 31 de julho de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 7 (new wording of art. 1, § 1, of Law 14,818). Accessed October 13, 2026.
      “São elegíveis ao incentivo de que trata esta Lei os estudantes de baixa renda regularmente matriculados no ensino médio das redes públicas e das escolas comunitárias que atuam no âmbito da educação do campo conveniadas com o poder público,”
    • Lei nº 14.945, de 31 de julho de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 7 (art. 1, § 3, IV, added to Law 14,818). Accessed October 13, 2026.
      “IV – à matrícula em ensino médio articulado com a educação profissional e tecnológica, de forma integrada ou concomitante.”
    • Lei nº 14.945, de 31 de julho de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: closing. Accessed October 13, 2026.
      “Brasília, 31 de julho de 2024; 203º da Independência e 136º da República.”
    • Lei nº 14.945, de 31 de julho de 2024 (Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 7, main provision. Accessed October 14, 2026.
      “Art. 7º O art. 1º da Lei nº 14.818, de 16 de janeiro de 2024 , passa a vigorar com as seguintes alterações:”

  51. 51. According to the Pé-de-Meia legislation page on the MEC portal, Ordinance No. 83 of February 7, 2024, establishes the rules and procedures for managing the financial-educational incentives of Pé-de-Meia; Ordinance No. 84 of February 7, 2024, establishes the operational calendar of Pé-de-Meia for 2024; and Interministerial Ordinance MEC/MF No. 8 of August 7, 2024, establishes rules and procedures for managing Pé-de-Meia for the EJA modality. The same page lists later ordinances that amend Ordinance No. 83, such as Ordinance No. 364 of April 19, 2024.

    • Legislação – Pé-de-Meia (cópia do Internet Archive de 28/11/2024) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured November 28, 2024); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: list of acts. Accessed October 14, 2026.
      “Portaria nº 83, de 7 de fevereiro de 2024 : estabelece as normas e os procedimentos para a gestão dos incentivos financeiro-educacionais do Pé-de-Meia, poupança destinada aos estudantes matriculados no ensino médio das redes públicas de ensino.”
    • Legislação – Pé-de-Meia (cópia do Internet Archive de 28/11/2024) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured November 28, 2024); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: list of acts. Accessed October 14, 2026.
      “Portaria Interministerial MEC/MF nº 8, de 7 de agosto de 2024 : estabelece normas e procedimentos para a gestão do Pé-de-Meia para a modalidade EJA.”
    • Legislação – Pé-de-Meia (cópia do Internet Archive de 28/11/2024) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured November 28, 2024); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: list of acts. Accessed October 14, 2026.
      “Portaria nº 84, de 7 de fevereiro de 2024 : estabelece o calendário operacional do Pé-de-Meia para o ano de 2024.”
    • Legislação – Pé-de-Meia (cópia do Internet Archive de 28/11/2024) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured November 28, 2024); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: list of acts. Accessed October 14, 2026.
      “Portaria nº 364, de 19 de abril de 2024: altera a Portaria nº 83, de 7 de fevereiro de 2024, que estabelece normas e procedimentos para a gestão do Pé-de-Meia”
    • Portaria nº 83, de 7 de fevereiro de 2024 (Diário Oficial da União, Seção 1, 08/02/2024) · National Press / Ministry of Education Official legal act
      Where: title of the act. Accessed October 14, 2026.
      “PORTARIA Nº 83, DE 7 DE FEVEREIRO DE 2024”

  52. 52. According to Conof Study 07/2024, based on the FIPEM statements (Caixa/Government Funds), the transfer from the fund to the financial agent for paying incentives was R$633.1 million in August 2024; from December 2023 to August 2024, the payments into the fund totaled R$12,100,000,000 and the withdrawals (transfers for paying incentives, net of returns) totaled R$2,874,906,200. The withdrawals measure what left the fund for payment to students; the amounts paid in measure what entered the fund.

  53. 53. In its original wording, Law 14,818 authorized the Union to participate in the fund up to an overall limit of R$20,000,000,000.00 (twenty billion reais) and authorized the use of the fund's financial surpluses referred to in art. 46 of Law No. 12,351 of December 22, 2010, determined between 2018 and 2023, as a source of funds for paying in the fund, up to a maximum of R$13,000,000,000.00 (thirteen billion reais). These are authorizations, not amounts executed.

    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 7, caput (original wording). Accessed October 13, 2026.
      “Art. 7º Para fins de operacionalização do incentivo de que trata esta Lei, é a União autorizada a participar, no limite global de até R$ 20.000.000.000,00 (vinte bilhões de reais), de fundo que tenha por finalidade custear e gerir o incentivo estabelecido nesta Lei.”
    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 7, § 4. Accessed October 13, 2026.
      “apurados entre 2018 e 2023, como fonte de recursos para a integralização do fundo a que se refere o caput deste artigo, no limite máximo de R$ 13.000.000.000,00 (treze bilhões de reais).”
    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 7, § 4 (beginning). Accessed October 14, 2026.
      “§ 4º É autorizada a utilização dos superávits financeiros do fundo a que se refere o art. 46 da Lei nº 12.351, de 22 de dezembro de 2010 , apurados entre 2018 e 2023”

  54. 54. The law authorizes transferring to the fund amounts not used as guarantees for operations of the Operations Guarantee Fund (FGO, Law 13,999/2020) and of the Educational Credit Operations Guarantee Fund (FGEDUC).

    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 11, item II. Accessed October 13, 2026.
      “II – de valores não utilizados para garantia de operações com recursos do Fundo de Garantia de Operações de Crédito Educativo (FGEDUC) a que se refere o inciso III do caput do art. 7º da Lei nº 12.087, de 11 de novembro de 2009”
    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 11, item I. Accessed October 13, 2026.
      “I – de valores não utilizados para garantia de operações com recursos do Fundo Garantidor de Operações (FGO) a que se refere a Lei nº 13.999, de 18 de maio de 2020”

  55. 55. In response to the Chamber (June 2024), the MEC stated that the Statement of Reasons of the MP limited the Union's payment into the fund to R$20 billion over the entire period of the program and that the calculation worksheet, after discounting the average rate of grade repetition and abandonment (12.7%), arrived at an annual amount of about R$7 billion (estimate).

  56. 56. A TCU news item published on February 12, 2025, about Ruling 297/2025 - Plenary, says that this program is expected to serve 3.9 million high school students at an annual cost of R$12.5 billion (a forecast cited by the court, not an amount paid).

  57. 57. On April 1, 2026, according to an MEC news item, Lula stated that the investment in Pé-de-Meia 'so far' was R$18.6 billion, and the MEC attributed it to the 2024 and 2025 school years (an amount declared by the government, with no type of execution stated).

  58. 58. In SIOP, action 00W2, of the National Education Development Fund, had in fiscal year 2023 an initial appropriation of zero and R$6,100,000,000 authorized, committed, liquidated and paid (nominal values), divided into two budget plans: 0001, tied to Complementary Law No. 203 of December 15, 2023 (R$6,000,000,000), and 0002, special credit (R$100,000,000). Action 00W2 records the Union's payment of shares into the fund (a transfer from the budget to the fund), not the payment of incentives to students. The first transfer from the fund for paying incentives took place in March 2024, according to the Conof.

    • SIOP, consulta SPARQL por ação orçamentária: ação 00W2, exercício 2023 (CSV) · Ministry of Planning and Budget (SIOP) Budget and spending
      Where: fiscal year 2023, action 00W2; columns loa (initial appropriation), lei_mais_credito (authorized), empenhado (committed), liquidado (liquidated), pago (paid in the fiscal year, excluding carryover payables). Accessed October 14, 2026.
      “2023,"00W2","Integralização de Cotas pela União em Fundo Privado com o Objetivo de Custear e Gerir Poupança de Incentivo à Permanência e Conclusão Escolar para Estudantes do Ensino Médio",0,6100000000,6100000000,6100000000,6100000000”
    • SIOP, consulta SPARQL por ação, unidade orçamentária e plano orçamentário: ação 00W2, exercício 2023 (CSV) · Ministry of Planning and Budget (SIOP, open budget data) Budget and spending
      Where: fiscal year 2023, action 00W2, UO 26298, PO 0001; columns loa, lei_mais_credito, empenhado, liquidado, pago. Accessed October 14, 2026.
      “2023,"00W2","26298","Fundo Nacional de Desenvolvimento da Educação","0001","Integralização de Cotas pela União em Fundo Privado com o Objetivo de Custear e Gerir Poupança de Incentivo à Permanência e Conclusão Escolar para Estudantes do Ensino Médio - LEI COMPLEMENTAR Nº 203, DE 15 DE DEZEMBRO DE 2023","2",0,6000000000,6000000000,6000000000,6000000000”
    • SIOP, consulta SPARQL por ação, unidade orçamentária e plano orçamentário: ação 00W2, exercício 2023 (CSV) · Ministry of Planning and Budget (SIOP, open budget data) Budget and spending
      Where: fiscal year 2023, action 00W2, UO 26298, PO 0002. Accessed October 14, 2026.
      “2023,"00W2","26298","Fundo Nacional de Desenvolvimento da Educação","0002","Integralização de Cotas pela União em Fundo Privado com o Objetivo de Custear e Gerir Poupança de Incentivo à Permanência e Conclusão Escolar para Estudantes do Ensino Médio - Crédito Especial","2",0,100000000,100000000,100000000,100000000”
    • Estudo nº 07/2024 – Análise da execução do Programa Pé-de-Meia e sua compatibilidade com o artigo 15, § 1º, da Lei nº 14.818/2024 · Chamber of Deputies: Budget and Financial Oversight Consultancy (Conof) Official record
      Where: section 5.3, item d. Accessed October 14, 2026.
      “Março/2024 também contemplou o primeiro repasse de recursos para pagamento de incentivos financeiro-educacionais, no valor de R$ 488,7 milhões.”

  59. 59. In SIOP, action 00W2 had in fiscal year 2024 an initial appropriation of R$1,000,000,000 (budget plan 0000), but authorized, committed, liquidated and paid amounts equal to zero (nominal values): there was no payment of shares by the Union through this action in 2024. Action 00W2 records the Union's payment of shares into the fund (a transfer from the budget to the fund), not the payment of incentives to students. According to the Conof, in June 2024 there was a payment of shares by the FGEDUC, in the amount of R$6 billion.

  60. 60. In SIOP, action 00W2 had in fiscal year 2025 an initial appropriation of R$1,000,000,000 and R$1,030,000,000 authorized, committed, liquidated and paid (budget plan 0000, nominal values). Action 00W2 records the Union's payment of shares into the fund (a transfer from the budget to the fund), not the payment of incentives to students.

    • SIOP, consulta SPARQL por ação orçamentária: ação 00W2, exercício 2025 (CSV) · Ministry of Planning and Budget (SIOP) Budget and spending
      Where: fiscal year 2025, action 00W2; columns loa (initial appropriation), lei_mais_credito (authorized), empenhado (committed), liquidado (liquidated), pago (paid in the fiscal year, excluding carryover payables). Accessed October 14, 2026.
      “2025,"00W2","Integralização de cotas pela União em Fundo Privado com o Objetivo de Custear e Gerir Poupança de Incentivo à Permanência e Conclusão Escolar para Estudantes do Ensino Médio",1000000000,1030000000,1030000000,1030000000,1030000000”
    • SIOP, consulta SPARQL por ação, unidade orçamentária e plano orçamentário: ação 00W2, exercício 2025 (CSV) · Ministry of Planning and Budget (SIOP, open budget data) Budget and spending
      Where: fiscal year 2025, action 00W2, UO 26298, PO 0000. Accessed October 14, 2026.
      “2025,"00W2","26298","Fundo Nacional de Desenvolvimento da Educação","0000","Integralização de cotas pela União em Fundo Privado com o Objetivo de Custear e Gerir Poupança de Incentivo à Permanência e Conclusão Escolar para Estudantes do Ensino Médio","2",1000000000,1030000000,1030000000,1030000000,1030000000”

  61. 61. In SIOP, in the fiscal year 2026 in progress (partial amounts, subject to update), action 00W2 had an initial appropriation of R$11,458,463,673, an authorized amount of R$10,386,901,511 and R$9,500,000,000 committed, liquidated and paid (budget plan 0000, nominal values). Action 00W2 records the Union's payment of shares into the fund (a transfer from the budget to the fund), not the payment of incentives to students.

    • SIOP, consulta SPARQL por ação orçamentária: ação 00W2, exercício 2026 (CSV) · Ministry of Planning and Budget (SIOP) Budget and spending
      Where: fiscal year 2026, action 00W2; columns loa (initial appropriation), lei_mais_credito (authorized), empenhado (committed), liquidado (liquidated), pago (paid in the fiscal year, excluding carryover payables). Accessed October 14, 2026.
      “2026,"00W2","Integralização de cotas pela União em Fundo Privado com o Objetivo de Custear e Gerir Poupança de Incentivo à Permanência e Conclusão Escolar para Estudantes do Ensino Médio",11458463673,10386901511,9500000000,9500000000,9500000000”
    • SIOP, consulta SPARQL por ação, unidade orçamentária e plano orçamentário: ação 00W2, exercício 2026 (CSV) · Ministry of Planning and Budget (SIOP, open budget data) Budget and spending
      Where: fiscal year 2026 (position as of October 14, 2026), action 00W2, UO 26298, PO 0000. Accessed October 14, 2026.
      “2026,"00W2","26298","Fundo Nacional de Desenvolvimento da Educação","0000","Integralização de cotas pela União em Fundo Privado com o Objetivo de Custear e Gerir Poupança de Incentivo à Permanência e Conclusão Escolar para Estudantes do Ensino Médio","2",11458463673,10386901511,9500000000,9500000000,9500000000”

  62. 62. According to the MEC plan, the assets of the Fipem in June 2024 were R$10,138,646,047.13, per a Caixa (CEF) report extracted on July 25, 2024 (an amount reported by the government, nominal).

  63. 63. Complementary Law No. 203 of December 15, 2023, determined that, in fiscal year 2023, expenditures on a program established by specific legislation to encourage students' retention in high school would not be counted toward the limits of art. 12 of Complementary Law No. 200/2023, up to R$6,000,000,000.00, and authorized the use of the financial surplus of the fund referred to in art. 46 of Law No. 12,351/2010 as a source for these expenditures, through additional credit by bill.

  64. 64. Law No. 14,771 of December 22, 2023, opened a special credit that included R$100,000,000 in action 00W2 (Payment of Shares by the Union into a Private Fund Intended to Finance and Manage a Savings Incentive for Retention and School Completion for High School Students), in the National Education Development Fund, and authorized the Executive Branch to increase the appropriations of that action with the financial surplus of 2022, excess revenue or cancellation of appropriations.

  65. 65. Decree No. 11,847 of December 22, 2023, based on art. 3, item II, of Law No. 14,771/2023, increased by R$6,000,000,000.00 the appropriation of action 00W2 in the National Education Development Fund, with funds from excess revenue relating to the Union's Unrestricted Resources.

  66. 66. According to Conof Technical Study No. 10/2023, the fund provided for in MP 1,198/2023 was registered in the CNPJ on December 22, 2023 under the corporate name Fund for Financing the Savings Incentive for Retention and School Completion for High School Students (FIPEM), and the expenditures for paying in shares, in the amount authorized by the Ministry of Finance, were committed on December 27, 2023 and liquidated and paid on December 28, 2023.

  67. 67. On June 25, 2025, the Presidency of the Republic sent to Congress PLN 5/2025, which opened supplementary credit of R$685,921,778.00 to the Ministry of Education to supplement the Pé-de-Meia budget; the bill was withdrawn at the author's request (Message No. 1,712 of 2025) and archived on November 19, 2025.

  68. 68. In the MEC news item titled 'Pé-de-Meia will benefit more than 2.4 million students', the Minister of Education, Camilo Santana, stated that about 1,430,000 accounts had already been opened, approximately, for low-income Brazilian high school students (figures reported by the government; the 2.4 million is a forecast).

    • Pé-de-Meia vai beneficiar mais de 2,4 milhões de estudantes (cópia do Internet Archive de 26/03/2024) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured March 26, 2024); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: statement by Minister Camilo Santana. Accessed October 14, 2026.
      “Cerca de 1.430.000 contas já foram abertas , aproximadamente , para os alunos de baixa renda do ensino médio brasileiro”
    • Pé-de-Meia vai beneficiar mais de 2,4 milhões de estudantes (cópia do Internet Archive de 26/03/2024) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured March 26, 2024); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: paragraph 1. Accessed October 14, 2026.
      “O Presidente da República, Luiz Inácio Lula da Silva, e o Ministro de Estado da Educação, Camilo Santana, anunciaram , nesta segunda-feira, 25 de março, o pagamento do primeiro incentivo financeiro-educacional do programa Pé-de-Meia , em cerimônia no Palácio do Planalto, em Brasília.”

  69. 69. In August 2024, the MEC stated that the expansion would raise the number of beneficiaries from 2.7 million to almost 4 million students (a planned stock, reported by the government; a target, not a delivery).

  70. 70. According to the MEC (July 2025), the Transparency Portal detailed more than R$10 billion transferred to 5.6 million students, counting installments paid through June 2025 (2024 calendar and first installment of 2025); there were 4 million beneficiaries in the first year. The figure of 5.6 million is cumulative, not an annual stock (reported by the government).

    • Dados do Pé-de-Meia disponíveis no Portal da Transparência (cópia do Internet Archive de 01/08/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured August 1, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: paragraph 1. Accessed October 14, 2026.
      “O Portal da Transparência é gerido pela CGU e detalha mais de R$ 10 bilhões repassados para 5,6 milhões de estudantes, contemplando as parcelas pagas até junho de 2025, referentes ao calendário de 2024 e à primeira parcela de incentivos de 2025. Foram 4 milhões de beneficiados no primeiro ano do programa.”

  71. 71. In April 2026, the MEC reported 5.6 million students benefited since the creation of the program (cumulative), equivalent to 54% of all public high school students; according to 2025 data, 51.5% of the beneficiaries were girls and 72.9% were Black (pretos and pardos). Data reported by the government.

  72. 72. According to the MEC (August 2024), all states, the Federal District and 74 municipal education secretariats that offer regular high school joined the program.

    • Pé-de-Meia alcançará quase 4 milhões de estudantes (cópia do Internet Archive de 09/08/2024) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured August 9, 2024); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: paragraph 'Pé-de-Meia'. Accessed October 14, 2026.
      “O programa teve a adesão de todos os estados, do Distrito Federal e de 74 secretarias de educação municipais ofertantes de ensino médio regular .”

  73. 73. According to the MEC, the ministry began on February 26 the payment of the Pé-de-Meia high school completion installments, in the amounts of R$1,000 and of R$200 for participating in the 2025 Enem, to those who meet the criteria; the transfers may occur up to the period of June 29 to July 6, 2026.

    • Pé-de-Meia: MEC inicia pagamento das parcelas incentivo-conclusão e Enem (cópia do Internet Archive de 27/02/2026) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured February 27, 2026); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: paragraph 1. Accessed October 14, 2026.
      “O Ministério da Educação (MEC) iniciou, nesta quinta-feira, 26 de fevereiro, o pagamento das parcelas de conclusão do ensino médio do programa Pé-de-Meia , nos valores de R$ 1.000 e de R$ 200 pela participação no Exame Nacional do Ensino Médio (Enem) 2025, àqueles que se aplicarem aos critérios.”
    • Pé-de-Meia: MEC inicia pagamento das parcelas incentivo-conclusão e Enem (cópia do Internet Archive de 27/02/2026) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured February 27, 2026); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: paragraph on dates. Accessed October 14, 2026.
      “Os repasses poderão ocorrer até o período de 29 de junho a 6 de julho de 2026, contemplando estudantes cujas redes de ensino ainda estejam finalizando o envio ou a confirmação dos dados.”

  74. 74. In April 2026, the MEC announced that the high school dropout rate went from 6.4% in 2022 to 3.6% in 2024 (a drop of 43%) and that grade repetition fell 33% in the same period, and attributed the improvement to the program. This is official communication: the news item does not present a design that separates the program's effect from other factors.

    • Após dois anos de Pé-de-Meia, abandono escolar cai 43% (cópia do Internet Archive de 17/04/2026) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured April 17, 2026); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: paragraph 1. Accessed October 14, 2026.
      “enquanto em 2022 a taxa de abandono escolar era de 6,4%, em 2024 ela caiu para 3,6%, uma diminuição de 43%. Além disso, a taxa de reprovação escolar também recuou em 33% no mesmo período,”

  75. 75. In August 2024, the MEC reported that, after the start of the program, students showed average attendance of 86.1% in March and 88.1% in April (a figure reported by the government, with no comparison to an earlier period).

  76. 76. According to the TCU news item, the rapporteur joined the vote of Minister Bruno Dantas, who voted to revoke the precautionary measure because he saw no 'smoke of good law' (fumus boni iuris) and because of the risk of reverse danger in delay (periculum in mora).

    • TCU dá prazo de 120 dias para governo federal adequar programa Pé-de-Meia ao orçamento · Federal Court of Accounts (Secom) Audit
      Where: paragraph 4. Accessed October 13, 2026.
      “O ministro-relator, Augusto Nardes, aderiu aos termos do voto do ministro Bruno Dantas, terceiro revisor da matéria no âmbito do TCU. “Não vejo fumaça do bom direito. Há risco de perigo da demora reverso e de potenciais impactos sociais e jurídicos. Por isso voto para revogarmos a medida cautelar”, comentou Dantas.”

  77. 77. According to the MEC, by a precautionary measure of January 22, the TCU had barred the ministry from allocating FGO and Fgeduc funds to financing Pé-de-Meia; in its appeal, the AGU argued that there is no illegality whatsoever in transferring such funds and asked that, if the TCU decision was not reversed, its effects take place only in 2026, with a period of 120 days for the Federal Government to present a plan to comply with the decision.

    • Pé-de-Meia tem recursos garantidos por decisão do TCU (cópia do Internet Archive de 14/02/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured February 14, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: paragraph 3. Accessed October 14, 2026.
      “Por meio de medida cautelar do dia 22 de janeiro, a C orte de C ontas havia impedido o M EC de destinar ao financiamento do programa recursos do Fundo Garantidor de Operações (FGO) e do Fundo de Garantia de Operações de Crédito Educativo ( Fgeduc ).”
    • AGU recorre da decisão do TCU sobre o programa Pé-de-Meia (cópia do Internet Archive de 23/01/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured January 23, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: last paragraph. Accessed October 14, 2026.
      “Caso a decisão do TCU não seja revertida, a AGU pede que seus efeitos ocorram somente em 2026 e, que, nesse caso, seja concedido um prazo de 120 dias para que o Governo Federal apresente um plano para cumprimento da decisão sem prejuízo da continuidade do programa.”
    • AGU recorre da decisão do TCU sobre o programa Pé-de-Meia (cópia do Internet Archive de 23/01/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured January 23, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: paragraph 3. Accessed October 14, 2026.
      “No recurso, a AGU argumenta que não há qualquer ilegalidade na transferência de tais recursos”

  78. 78. According to a TCU news item published on February 12, 2025, the court decided, under the rapporteurship of Minister Augusto Nardes, that Pé-de-Meia may be carried out, provisionally and exceptionally, with funds from the Fund for Incentive to Retention in High School (Fipem).

  79. 79. According to a TCU news item of January 22, 2025, in the precautionary measure endorsed on that date (TC 024.312/2024-0), the court pointed out that part of the amounts transferred to the Fipem (those of the Fgeduc and the FGO) did not go through the proper budget process and ordered the Ministry of Education not to use funds from these two funds unless they were transferred to the Single Account of the National Treasury and included in the budget law. The news item states that up to then R$6.1 billion from the Social Fund and R$6 billion from the Fgeduc had been transferred to the Fipem.

  80. 80. In the TCU news item on Ruling 297/2025, Minister Aroldo Cedraz, the second reviewing minister, came out in favor of revoking the precautionary measure and stated that the Pé-de-Meia law has the same normative standing as the other laws that deal with budgetary and financial matters (a minister's statement, not a ground of the ruling).

  81. 81. According to a TCU news item of March 24, 2026, in Ruling 663/2026 - Plenary (TC 005.592/2025-9, rapporteur Benjamin Zymler), the inspection found Pé-de-Meia beneficiaries with a CPF in the statuses canceled, pending regularization, suspended and deceased holder (2,902 students) and with a death record (2,721 students); the rapporteur considered the incidence low in view of about 4 million beneficiaries, and the court denied the precautionary measure and ordered the MEC to suspend payments and block amounts for beneficiaries identified with the CPF of deceased persons.

  82. 82. A technical study by the Conof on MP 1,198/2023 (December 2023), the responsibility of its authors, concluded that the MP sponsors an off-budget mechanism: the FIPEM would remove from the budget the expenditures on transfers to beneficiaries and would exclude them from the primary expenditure limit of Complementary Law 200/2023.

    • Estudo Técnico nº 10/2023 – Aspectos orçamentários e fiscais da Medida Provisória nº 1.198/2023 · Chamber of Deputies: Budget and Financial Oversight Consultancy (Conof) Official record
      Where: Summary. Accessed October 13, 2026.
      “O FIPEM materializa figura intermediária na operacionalização da poupança de incentivo, retirando do orçamento público as despesas com transferências aos beneficiários. Nesse arranjo, tais dispêndios são excluídos do alcance do limite de despesas primárias, estabelecido pela Lei Complementar nº 200/2023,”

  83. 83. Conof Technical Study 03/2024 concluded that paying in shares of the FIPEM without prior appropriation in the Union's budget violates the principles of budgetary universality and legality and art. 26 of the Fiscal Responsibility Law (the authors' interpretation).

  84. 84. Conof Study 07/2024 concluded that, with the FIPEM, the payments of the incentives stop counting toward the limits of the Sustainable Fiscal Regime, that recording the transfers to the financial agent as expenditures of the fund itself has no legal, regulatory or statutory support, and that the expenditure on incentives must be included in the annual budget law (the authors' interpretation).

  85. 85. An Ipea Discussion Paper (July 2026) records, based on the authors' studies, that the program's coverage still faces bottlenecks: the CadÚnico covers about two thirds of the potential public estimated by the Continuous PNAD, and there are eligible young people outside the registry or not identified by the school systems.

    • Texto para Discussão 3192 – Cenários de expansão do Pé-de-Meia: custos, focalização e escolhas de política · Institute for Applied Economic Research (Ipea) Academic study
      Where: Introduction. Accessed October 14, 2026.
      “a cobertura do programa ainda enfrenta gargalos: embora o CadÚnico abranja cerca de dois terços do público potencial (público este estimado usando a Pesquisa Nacional por Amostra de Domicílios Contínua – PNAD Contínua), existe um contingente de jovens elegíveis fora do cadastro ou que as redes públicas de ensino ainda não identificaram como elegíveis.”

  86. 86. Under the Constitution (art. 62, § 3 and § 11, as worded by Constitutional Amendment No. 32/2001), a provisional measure not converted into law loses effect from the time it was issued, and Congress is to regulate by legislative decree the legal relations arising from it; if the legislative decree is not issued within sixty days after the loss of effect, the legal relations constituted and arising from acts carried out during the validity of the MP remain governed by it.

    • Emenda Constitucional nº 32, de 11 de setembro de 2001 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 1 (new wording of art. 62, § 3, of the Constitution). Accessed October 14, 2026.
      “§ 3º As medidas provisórias, ressalvado o disposto nos §§ 11 e 12 perderão eficácia, desde a edição, se não forem convertidas em lei no prazo de sessenta dias, prorrogável, nos termos do § 7º, uma vez por igual período, devendo o Congresso Nacional disciplinar, por decreto legislativo, as relações jurídicas delas decorrentes.”
    • Emenda Constitucional nº 32, de 11 de setembro de 2001 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 1 (art. 62, § 11, of the Constitution). Accessed October 14, 2026.
      “§ 11. Não editado o decreto legislativo a que se refere o § 3º até sessenta dias após a rejeição ou perda de eficácia de medida provisória, as relações jurídicas constituídas e decorrentes de atos praticados durante sua vigência conservar-se-ão por ela regidas.”
    • Emenda Constitucional nº 32, de 11 de setembro de 2001 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 1, caput. Accessed October 14, 2026.
      “Os arts. 48, 57, 61, 62, 64, 66, 84, 88 e 246 da Constituição Federal passam a vigorar com as seguintes alterações”

  87. 87. The statement of justification of PL 54/2021 estimated a cost of approximately R$1.7 billion in 2021, R$1.7 billion in 2022 and R$1.2 billion in 2023, according to calculations by the Chamber's Budget Consultancy using Cadastro Único data (a proposal estimate, not execution).

    • Projeto de Lei nº 54/2021 (inteiro teor) · Chamber of Deputies Official record
      Where: statement of justification, p. 4. Accessed October 13, 2026.
      “O custo projetado para o programa é de aproximadamente 1,7 bilhões de reais para 2021; 1,7 bilhões de reais para 2022 e 1,2 bilhões para 2023, segundo cálculos com dados do Cadastro Único realizados pela Consultoria de Orçamento da Câmara dos Deputados.”

  88. 88. MP 1,198/2023 authorized the Union to participate, up to an overall limit of R$20,000,000,000.00 (twenty billion reais), in a fund intended to finance and manage the students' savings, and provided that this fund could be created, administered and managed by the Caixa Econômica Federal. The payment of shares by the Union would be authorized by an act of the Minister of Finance and could be made, among other means, by a contribution from the Union provided for in the Annual Budget Law.

    • Medida Provisória nº 1.198, de 27/11/2023 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 6, caput. Accessed October 13, 2026.
      “fica a União autorizada a participar, no limite global de até R$ 20.000.000.000,00 (vinte bilhões de reais), de fundo que, atendidos os requisitos estabelecidos nesta Medida Provisória, tenha por finalidade custear e gerir a poupança dos estudantes vinculados ao programa.”
    • Medida Provisória nº 1.198, de 27/11/2023 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 7, main provision. Accessed October 13, 2026.
      “Art. 7º O fundo de que trata o art. 6º poderá ser criado, administrado, gerido e representado judicial e extrajudicialmente pela Caixa Econômica Federal.”
    • Medida Provisória nº 1.198, de 27/11/2023 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 6, § 1, caput and item III. Accessed October 14, 2026.
      “§ 1º A integralização de cotas pela União será autorizada em ato do Ministro de Estado da Fazenda e poderá ser realizada por meio de: I – ações de sociedades em que tenha participação minoritária; II – ações de sociedades de economia mista federais excedentes ao necessário para manutenção de seu controle acionário; ou III – aporte da União, previsto na Lei Orçamentária Anual.”

  89. 89. According to the Senate's legislation database, MP 1,198/2023 was published in the Official Gazette (DOU) (extra edition) on November 28, 2023, had its validity extended by Act of the President of the National Congress No. 5 of February 28, 2024, and had its validity declared ended by Act No. 28 of May 8, 2024.

  90. 90. A technical study by the Chamber's Budget Consultancy (Conof), the responsibility of its authors, concluded that a large part of the text of Law 14,818/2024 is similar to that of MP 1,198/2023 and that the object, the target public and the way of operating the savings scheme are the same in both acts.

  91. 91. The MEC's Monitoring and Evaluation Plan (version 1.0, of August 1, 2024) states that initiatives of subnational governments and of other countries were reflected in PL 54/2021, which, according to the document, served as the legislative template for the program.

  92. 92. In the MEC's assessment, with the emergence of state programs in the early post-pandemic period, the Pé-de-Meia program generally incorporated mechanisms of the programs listed into its dynamics, resulting in its own logic that combines regular incentives with accumulation in savings.

    • Plano de Monitoramento e Avaliação do Programa Pé-de-Meia, versão 1.0 (arquivo PDF original preservado pelo Internet Archive em 03/04/2025) · Ministry of Education Government communication
      Read from an archived copy (Internet Archive (Wayback Machine), captured April 3, 2025); original address: www.gov.br. The archive preserves the copy; the author is Ministry of Education.
      Where: PDF p. 15, last paragraph of section 1.2.2. Accessed October 14, 2026.
      “Dentro de ideia de dependência de trajetória, com o surgimento de programas estaduais no início do pós-pandemia, o programa “Pé-de-Meia” incluiu, em geral, mecanismos dos programas listados em sua dinâmica, resultando em uma lógica própria que combina incentivos regulares com acumulação na poupança,”

  93. 93. State Law No. 6,088 of November 25, 2011, of Rio de Janeiro, created the Programa Renda Melhor Jovem, intended for young people from families served by the Programa Renda Melhor who enter or have entered state-system high school before turning 18, with a prize for each year of high school completed with a passing grade.

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