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247 – Almost all the states of the federation increased ICMS (VAT on the movement of goods and services) to compensate for the losses caused by the disaster of Michel Temer's economic policy. However, most of the funds raised were not for costs or investments, but for the payment of employee retirements.
The Folha newspaper of S. Paulo reports that "in the last four years, the social security deficit in the states has almost doubled and is rapidly approaching R $ 100. The average annual growth of inactive people in States was about 6% between 2014 and 2017. This trend is accelerating and, in the next ten years, nearly half of the people still in business are likely to retire. "[19659004] And he adds: "In the 12-month period from September 2017 to August 2018, spending on inactive people increased by another 8%, compared with an increase of 0.9% in active the period, according to The States ICMS grew by almost 5% last year, which is well above the growth of the economy projected by the Central Bank to 1.3% Besides increase with a slight recovery such as meat, vehicles, beverages, electricity, fuels and telephony. "
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