[ad_1]
The measures focus on three areas: reducing expenditures, increasing taxes and revising tax benefits. According to the Treasury, the tax reforms will allow the central government – National Treasury, Social Security and Central Bank – to reduce to zero the primary deficit until 2022. Defined as the negative result of the public accounts before the payment of interest on the public debt, the stipulated primary deficit (19659002) The three measures would bring the government 184.2 billion rubles in 2019, or 196.1 billion pesos 2020, 251.9 billion R $ in 2021 and 317.4 billion R $ in 2022. In addition to microeconomic reforms reducing bureaucracy and increasing productivity, the gain would be even greater. According to the Treasury, if microeconomic measures were approved, the central government would have a primary deficit of 0.2% of GDP in 2021 and a surplus of 0.8% in 2022.
Tax Measures
The following measures are suggested: 11% to 14% of the contribution to the Federal Public Service Pension Plan, 11% of tax to pensioners and pensioners of the military, income tax collection (IR) increase the basis of calculation from 32% to 40% of the taxation of legal persons who provide professional services and declare, for the presumed and arbitrated benefit, a gradual reduction in the deduction of interest on capital up to 39%; at the extinction of the profit ratio in 2021.
The paper also recommends the linear rate of 15% of the IR in the source and without exemption for profits and dividends, the creation of & # 39; 39, an additional tax rate 35 % of personal income tax for those earning over R $ 300,000 per annum, 15% tax on agri-food business income tax (LCA) and letters of credit (LCI), the increase of 5 percentage points in the regression of the tax on financial investments to corporation tax, namely the collection of tax withheld at source on private funds constituted in closed condominiums.
With regard to taxes, the document ends with the suggestion of a new contribution. pensions of 15% of service providers by worker cooperatives, limiting the exemption of inheritance tax and gifts, the temporary reduction of 30% to 15% of the compensation of tax losses and the negative calculation basis of the social contribution on Net income and taxes directly on the basis of the calculation of the copyright and images.
On the income side not managed by the Internal Revenue Service, the report includes revenues from the privatization of Eletrobras, the collection of monthly payments in public universities and the readjustment of taxes levied by the # 39; Union. If these measures came into effect, they would increase the state's treasury by R $ 77.8 billion. in 2019, 59.9 billion rubles in 2020, 64.8 billion in 2021 and 70.1 billion in 2022.
Tax benefits
In the case of tax incentives, the document works with two scenarios. A linear reduction of 10% of all tax benefits or a concentrated reduction in five programs: total elimination of the wage exemption in 2019, reduction of 15% of the renunciation with Simples Nacional (special regime applicable to micro and small companies), the individual microentrepreneurs program, the establishment of a limit for the deduction of medical expenses in Income Tax, the reduction of exemption periods for tax filers over 65 and the reduction of of products from the basket with exemption.
with the document, the linear reduction of 10% would increase revenues by 30.6 billion rubles in 2019, 32.8 billion pesos in 2020, 35.1 billion pesos in 2021 and 37.6 billion pesos in 2022. With selective reductions, the cash gain would be higher: $ 33.4 billion in 2019, $ 35.7 billion in 2020, $ 38.3 billion in 2021 and 41 , R $ 1 billion in 2022. [19659011] Less expenditure
On the expenditure side, the document incorporates the suggestions issued by the Ministry of Finance in recent days. The implementation of cost-cutting measures would save 73 billion rubles in 2019, 100.5 billion in 2020, 148.7 billion in 2021 and 206.2 billion in 2022. Among the actions presented, are limiting the hiring of new employees, the suspension of the adjustment of functionalism, the reduction of the positions of order, the raising from 65 to 68 years of the minimum age for the grant of the continuous benefit (BPC) .
The report also suggests the possibility that pensions and social badistance benefits are below the minimum wage, the approval of the social security reform according to the text negotiated in Congress at the end of 2017 , raising the aid in case of illness from 15 to 30 days, payment of the wage premium only for those who earn a salary not exceeding the minimum wage, merger of the rural pension, the Bolsa Família and the the PCB, access to unemployment insurance only after depletion of the balance of the Garan Fund
Public Debt
According to the Treasury, if all measures come into force next year, the gross debt of the State of São Paulo (FGTS) and the transformation of the family wage and the social allowance into aids included. The general government, which is expected to end in 2018 at 77.9% of GDP, would have stabilized at 75.5% of GDP in 2022 under the tax and microeconomic reforms scenario. Without reform, the indicator would trigger and end with 106.2% of GDP by 2022.
The ministry states that the proposals simulate a financial impact, excluding the intention to transmit all the suggestions to Congress and without any badysis of merit or relevance. of social and political impact
Agência Brasil
Source link
