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Treasury Secretary Mansueto Almeida said the next government, to be held on Jan. 1, will enjoy a more favorable scenario than in 2016, when Michel Temer took control of Brazil after the dismissal of Dilma Rousseff. by the National Congress. In a stocktaking video released today (24) by the Ministry of Finance, Mansueto recalled that three years ago, the interest rate exceeded 14% per annum and that there was no interest rate. accumulated inflation over the last 12 months was greater than 9%. Today, the Selic 6.5% and inflation is less than 4%. In addition, he said, the country's economy was down 3.5%.
"The next government begins in a situation much better than that of Brazil three years ago.Brazil at the beginning of 2019 is a country where inflation is less than 4% [ao ano] with a rate of Interest rate of 6.5%, with expected inflation around 4% for the next three years and an economy that is returning to what we call a cyclical recovery. "Entrepreneurs have become more confident and are investing more," said the secretary. to the Treasury, which will be maintained in the government of Jair Bolsonaro.
Mansueto said that the current situation also favored the debate on the reforms “/>
Mansueto Almeida, the next government will have a more favorable scenario than that of Temer.For him, if the next government can approve modifications of Social security and tax system, Brazil can achieve sustainable growth of at least 3% per year.
"If we can do all these reforms, we can consolidate a very positive scenario for a country that is going to new growth of 3% or more per year, with low interest rates and low inflation, which represents an improvement in the lives and well-being of all.
Fiscal Adjustment
The National Treasury Secretary also stated that a fiscal adjustment in the public accounts implied to contain the growth of mandatory expenditures, particularly social security expenditures and civil servants' wages and
"For Brazil to be able to make the fiscal adjustment, we need to control the growth dynamics of mandatory spending. Without this, there will be no tax adjustment. And among the mandatory spending items, two expenses that weigh heavily on the Union's budget are spending with active staff, with the public sector inactive, and spending with Social Security, the so-called RGPS [Regime Geral da Previdência Social]"he said.
Mansueto Almeida stated that the imbalance in the public accounts of the states was due to the fact that the federal government guaranteed loans even to units of the federation that were in a serious fiscal situation
"The Minister of Finance had the power to pardon, the states that were with a very bad fiscal situation. When we arrived at the Department of Finance, we changed that rule. The Minister of Finance no longer has the power to forgive. Some States spend more than 70% of their net current receipts on staff costs. This was very important to broaden the debate on fiscal adjustment in the states, including control of the wage bill and inactive spending, "he explained.
Pension Deficit
In another video published by the Ministry of Finance, the Attorney General of the Treasury, Fabrício Da Soller, said that the number of companies liable to social security would not be enough to contain the growing deficit of the sector.Only the debts to the social security is between Rs 430 and 450 billion, and all is not recoverable.
The Attorney General of the Treasury, Fabrício da Soller, claims that only 40% of the debt from the pension fund is recoverable – Arquivo / Agência Brasil
"As I l & 39; said at previously, 40% of this amount is recoverable, 60% is not. They even say that if we had debtors, it would not be necessary to reform social badistance, which is a big mistake. You are among the large debtors of social security companies that no longer exist, such as Varig, Vasp, Transbrasil, TV Manchete. They are therefore companies that will never or hardly have the funds to make the payment, "he said.
For Da Soller, what solves the social protection deficit is the reform of the sector proposed by the Temer Government last year Constitutional Amendment (PEC) Proposal No. 287 establishes a minimum retirement age of 65 for men and 62 for women, in addition to 39, increase the minimum contribution period for the full payment of the benefit.
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