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Braslia, 28 – Secretary of State Treasury, Mansueto Almeida, said Thursday that despite a deficit of 11.024 billion reais, the first result in May was positive as it was better than expected. "The result of May and the year is better than our financial program," he said.
Mansueto pointed to net income growth in 2018 almost double the expenditure of the same managed revenue growth, up 9.2% year-on-year. (19659002) The secretary also pointed to the increase in the payment of royalties (33.8%), which, according to the Secretary of the Treasury, and recalled that the government would still receive a boost from the oil resources already made and that he would only enter the box in the second half of the year.
On the other hand, INSS receipts did not increase at the same rate: 1.7% for the same period of the previous year, while the increase in arrears has also benefited States and municipalities for which the Union transfers part of the taxes collected. year.
Target Surplus
The National Treasury Secretary pointed out that the government does not have the tools to redirect resources that are stopped in ministries to other files that suffer with resource constraints. This year, the departments paid 12.8 billion reais less than the already released payment limit.
"If they pay or do not pay these fees, they no longer control the national treasury." Today, for example, we will have realized $ 12.8 billion of better than the 39, goal, "explained the secretary.
For him, the execution of expenses below the limit available is a question of gesture of public accounting." It happens that you transfer and that you place a bridge given, for example, but this bridge is not built, so the department has money to pay for one thing, but it does not have the money to pay another one. says
Almeida pointed out that the Treasury no longer has the condo to take money from a department that spends below what one expects to give to another.If the execution continues below expectations, Almeida said the deficit could be even lower than the target. "If the execution continues below forecasts ns, "said Almeida, the deficit could even be below target. the tax deduction, which is negative 159 billion reais. But that is not guaranteed because departments can shell out this money at any time.
Resource Linkage
The Secretary of the Treasury said that superimposing expenses was a "big headache" for the Government of Canada. point of view. The problem is that not always a cancellation of expenses opens a space for expenses in other areas more needy. "Sometimes the government cancels out the expenses, but if the resource is tied, that does not mean that it will be available."
This year, departments paid 12.8 billion reais below the limit of the payment was released. The Treasury has no way of redirecting this money because the funds have already been transferred to the organs. If they do not spend, they remain as a primary goal.
On the other hand, other departments have made resource requests to fund discretionary spending.
Privatzaes
Mansueto Almeida baderted that the injunction of Federal Supreme Court Minister (STF) Ricardo Lewandowski, which conditions the sale of shares of companies, that is to say, even "save" money for some areas, public or mixed companies with the approval of the National Congress whenever there is a loss of shareholder control, in the investigation without privatization. "The injunction says that privatization depends on congressional approval," he said.
The government plans to privatize Eletrobras, but the schedule is late. Mansueto admitted that the injunction could lead to further delays, but said that "this is still under discussion."
He pointed out that the possible injunction for the STF plenum.
For the moment, according to the secretary, there is no tax impact of the STF advisers' injunction
to the candidates
] The Secretary of the National Treasury stated that the Ministry of Finance is open to the economic advisers of candidates for the presidency of the Republic.
Almeida received economist Paulo Guedes, an adviser to Jair Bolsonaro (PSL), and said that he was contacted informally by other interested parties to talk to the economic team . "We are in the election year, a good opportunity to have an important debate on the need for a fiscal adjustment," he said.
"Whoever wants to come to the Ministry of Finance is very well received". "I promise to give you cheese and orange juice," jokes the secretary
(Lorenna Rodrigues and Idiana Tomazelli)
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