President Bolsonaro's statements surprised government members | New

The first statement was about pension reform. Bolsonaro said she would propose a minimum retirement age of 57 for women and 62 for men. The second statement by the president concerned the increase in the tax on financial transactions and the reduction of income tax. And in the third, Bolsonaro issued signals indicating that he could impose restrictions on the purchase of Embraer by Boeing.

The man who said since the election campaign to talk about the economy, the current minister Paulo Guedes did not speak. On the contrary. After the president's statements on the tax changes, he canceled his public commitments and did not make a statement. The federal income secretary denied the changes to income tax and to the IOF.

Late in the afternoon, the Chief Minister of the Civil Household, Onyx Lorenzoni, tried to calm the spirits. He even went so far as to say that the president was wrong about tax changes and that the pension reform proposal that Bolsonaro was talking about was intended to show that it would be a human transition, one that will respect the rights of the people .

The president is already living in Dawn with his family. But when the visitors arrived, early this Friday (4), Jair Bolsonaro was already filling his schedule, outside the palace, in the air base, in the change of command of the aeronautics.

Bolsonaro met with reporters at the exit. He confirmed that he had signed a decree that would increase the tax on financial transactions (IOF). According to the President, the measure had been taken to compensate the concession of tax incentives granted to businesses in the North and Northeast, through Sudam and Sudene. He sanctioned a bill pbaded by Congress that extended these benefits until 2023. Bolsonaro vetoed it only at the Sudeco extension.

"The decree was signed in this sense, but for those who have applications, they must be able to meet the requirement of an approved project, considered a conspiracy against the bomb, against our will Paulo Guedes today announces the possibility of lowering the income tax rate because our government must have the brand of not raising taxes.But unfortunately, this measure has forced me to make this decision.If I sanction without it, I am subject to the law on financial responsibility. "

Bolsonaro did not explain why he had not vetoed the staff, that He had criticized before taking power. To offset this tax waiver authorized by him, he said that he would increase the IOF tax on financial transactions, but would reduce the income tax rate from 27.5% to 25%.

"An initial idea, our highest rate is 27.5%, that would be 25%."

It was not long before the Federal Revenue Secretary, Marcos Cintra, the Secretary of Finance, Walderi Rodriguez and Deputy Secretary Esteves Colnaro access President Bolsonaro's office. This was not quite as the president had said: there will be no increase in IOF nor income tax reduction. That's what the Secretary of Revenue said in an interview recorded by Nilson Klava.

"There will be no discussion about the change in income tax, the income tax is a chapter of tax reform that will be badyzed later, in a timely manner, at the timing and, compared to IOF, there will be no increase in IOF support to provide compensation for the tax benefits that are now being granted to Sudam and Sudene.There will be a limitation of the usufruct of these benefits to existing budgetary resources, therefore, there will be no budgetary impact, no compensation, no increase in taxes, and I wanted to make it clear that Minister Paulo Guedes posed this question as an important precondition to the absence of an increase in taxes, it is even an election promise of the President of the Republic and, consequently, this determination is strictly respected. "

At the end of the afternoon, it is 39 is the turn of the m Chief Minister of the Civil House to rule. First Onyx Lorenzoni explained why Bolsonaro retained the benefits granted to companies in the North and Northeast, who saw the measure as a tariff bomb.

"The fact that this happened to our government was a bomb plot, which was overcome, and for every real subsidy to Sudam and Sudene, the average investment is over $ 12. Significant significance In the badysis that was done, the President opted for the penalty given the 2013 enforcement experience here.This is an extension of five years and can be extended by 5. The previous government should have approved the problems of Sudam and Sudene.By transferring to the government with a close deadline – because the veto sanction has expired yesterday – it is clear that a bomb was dropped on the current president's lap in this regard.Why did you punish? Because it's meritorious, because the North and Northeast need it. "

Later, Onyx explained that the decree that would increase the IOF, ann Bolsonaro, was only one hypothesis that had been rejected. The minister said the chair was wrong.

"IOF's question is that it was one of the alternatives to support the extension.It signed the sanction and signed a decree giving the guarantee of performance without raising the taxes is that one of the hypotheses proposed by the economic team to be able to sustain the continuity of the program would be the reduction of benefits or the increase in the number of IOF.When this question was badyzed this morning, it directly contradicted the government's commitment throughout the election campaign to reduce the tax burden, so from that beginning, we have been working on finding another solution that we have found. He made a mistake, he signed the continuity of the Sudam and Sudene project. "

The Minister reaffirmed that there would be no increase in taxes.

"There was a lot of excitement in the country that was going to have a tax increase, so tomorrow, starting today, the Brazilian citizen" ah, I 've voted for Bolsonaro and there will be a tax increase "? I declare that there will be no tax increase," said Onyx.

Another issue that surprised the economic team was the pension reform In this morning's interview, Bolsonaro said that he would submit the proposal again in January and spoke of the minimum age for retirement.

"The proposal appears this month. Let's enjoy it in the House. My last proposal, let's say, is to take advantage of it and it is in a time space that ends in 2030. Then all that must come into effect on the end of 2022 is the last idea I want to see if we can put it into practice and present the present without present to Parliament, since the answer is there. This would be so, as in the current proposal, the 62 go to men end 2022. And for women 55 to 57 years old, "said Bolsonaro.

The president did not explain whether the the minimum age for men is 62 for men and 57 for women for civil servants and / or workers in the private sector.The pension plans are different, distinct and both are in deficit.In 2019, the two regimes must exceed 300 billion rubles.

The Chief Minister of the Government, Onyx Lorenzoni, said that nothing actually defined the minimum age and that the intention of the President was simply to emphasize that the transition from the current model to the future will be smooth

"When the president speaks in numbers – and speaks in numbers 57 and 62 – what does he mean? He wanted to give people peace, that there is a break, a slow and gradual transition. What purpose? Preserve the rights of people, take a human look at welfare reform and act gradually. That's what the president meant, "said Onyx.

The Minister of the Civil House denied the existence of differences between the economic team and Bolsonaro.

" It doesn There is no noise at all, the economic team led by Professor Paulo Guedes has been striving since the beginning of the transition process to develop two ways to propose social security reform, something Professor Paulo Guedes has already spoken. you have already witnessed – I recognize several faces who have heard about it. First, the current Brazilian welfare is a drilled ship, a boat or a plane, part of which needs to be repaired. And that's part of the job in the sense that we repair our boat with a jammed hull. "

The Bolsonaro speech suggesting that the pension reform might be more lenient did not attract the attention of investors because it would not face the main problem of Brazil today: Public Accounts Deficit Economic badysts believe that confusing versions of the text should persist until the bill is sent to Congress

Another statement by the President regarding Embraer also resonated. He acknowledged the need for an agreement between Embraer and Boeing, but with a reservation to what is proposed.

"Embraer, I am with you. We can not, of course, we need, this merger would be very good, but we can not, as is the case in the last proposal, is not it? In five years, everything can be gone from the other side. Our concern is this: it's our heritage, we know the need for this merger, so that it becomes competitive and does not lose in time, "said Bolsonaro.

Embraer shares plummeted by 5%.

Regarding Embraer shares, Minister Lorenzoni issued a note shortly after the interview, saying that equities have returned to the same level. five days ago, that President Bolsonaro's protest was legitimate because it was incumbent upon him to look after the strategic national interests of the companies where there was a share of gold.