Bolsonaro promises a plan that will give more money than pension reform

The President of Brazil, Jair Bolsonaro, announced today with surprise that his government to present a project that could generate "more liquidity" than the pension reformalthough this has kept the mystery surrounding the content of the project.

Until now, a hobbyhorse that the Brazilian Minister of Economy has stated, Paulo GuedesAccording to the president himself, the pension reform bill presented to Congress three months ago proposes a saving of one billion reais (about 250 billion US dollars at the current rate) in 10 years.

In a meeting with the Northeast party, Bolsonaro said the new project "will be coming soon present in front of the gentlemen, especially to the Presidents of the Chamber (deputies) and to the, a project that – with all due respect to Paulo Guedes-, our forecast in terms of cash is greater than that of the pension reform in ten years and nobody will claim this project. "

With respect to deputies and senators, he baderted that "with certainty, will be approved here unanimously of both chambers, God willing, "according to audio broadcast by the Secretariat of Communication of the Presidency (Secom).

Without specifying the project to which Bolsonaro refers, Secom said that "the president is studying new projects for the country" and that Some "embryonic" problems can generate income.

Value He noted that some of the President's staff had been surprised by the statement and could not explain what the project was about, but he said that probably refers to various tax reform proposals. In any case, Bolsonaro pointed out that can not talk about creating taxes because "no longer holds this question"

Consumption continues to decline

In the same year, the Getúlio Vargas Foundation announced that for the fourth consecutive month, In May, Brazilian consumer confidence fell to its lowest level since October 2018. The FGV consumer confidence index rose from 89.5 in April to 86.6 in May.

Meanwhile, industrial policy in MS

On the other hand, the governor of San Pablo (SP), João Doria, today launched a program of industrial policy in this Brazilian state.

Contrary to the economic policy of the national administration which opposes the granting of fiscal incentives to the productive sector, the SP government has chosen 11 sectors representing 75% of the processing industry of the State, for the purpose of put together a set of specific benefits for each in the next two months he reported Folha.

The governor tweeted today that he was "a liberal management that supports who produces and generates jobs. And defend what is best for the Brazilians of San Pablo"

In addition, Doria indicated that these industry benefits would include: special tax regimes, more advantageous financing, workforce qualification programs, implementation of infrastructures and stimulation of research and technology for the 11 sectors in which it delimits its geographical scope.