Haddad is evaluated positively by 41% of those interviewed; survey was carried out after the announcement of spending cuts
Quaest research released this Wednesday (Dec 4, 2024) indicates that the government of (PT) is evaluated negatively by 90% of financial market agents. The percentage is the same as that recorded in March 2023, the highest so far, and 26 percentage points higher than the last survey, in March of this year. On the other hand, the Minister of Finance, , is evaluated positively by 41%.
105 managers, economists, analysts and decision-makers from the financial market at investment funds based in São Paulo and Rio de Janeiro were interviewed online from November 29th to December 3rd. The margin of error was not disclosed. The survey was commissioned by Genial Investimentos. Here is it (PDF – 18 MB).
Here is the complete scenario of the Lula government’s assessment:
- positive: 3%;
- regular: 7%;
- negative: 90%.
Here is the complete scenario of the evaluation of Haddad’s work at the Ministry of Finance:
- positive: 41%;
- regular: 35%;
- negative: 24%.
Even with the positive assessment, 61% of those interviewed said that Haddad’s strength is lower than at the beginning of his term. For 35%, it is the same. Another 4% said it was bigger.
Almost all (96%) declared that the country’s economic policy is heading in the wrong direction, compared to 4% who said it was on the right path.
When asked what their expectations were regarding the economy in the next 12 months, those interviewed responded that they would:
- worsen – 88%;
- stay the same – 10%;
- improve – 2%.
The survey was carried out after Haddad announced the government’s fiscal and spending review package. The measures were considered below expectations by financial market analysts and economists.
When asked about the tax package, 88% said they were in favor. However, 58% declared that the measures are “not satisfactory”. Another 42% said they were “unsatisfactory” and 0% considered them satisfactory.
Respondents gave their opinion on the main actions announced. Around 85% said they believe that the Income Tax exemption for those earning up to R$5,000 per month tends to harm the economy. Read the answers:
For 86% of those interviewed, the government is concerned about Lula’s popularity. More than half (58%) said that Planalto is concerned about the rise in the dollar and 29% said that the Executive cares about fiscal balance.
CONGRESS
For 46%, the government has the regular capacity to approve its agenda in Congress. Another 39% rated it as low and 15% as high.
When asked about Congress’s performance, 41% said it was negative, 38% said it was regular and 21% said it was positive.
