Minister of Finance states that it is necessary to “target the sustainability of accounts” and that the challenge goes “beyond the ideological issue”
The Minister of Finance, , said this Friday (Dec 20, 2024) that it was necessary “target the sustainability of accounts” and what a challenge it will be “beyond the ideological question”. The head of the economic team spoke about the topic when asked about the fiscal package.
Haddad stated that this speech “displeases the left and the right”. The statement was made during coffee with journalists. THE Poder360 was invited and participated in the event.
“I’m not going to comment vote by vote. I’m glad we approved. Everything is fine. People put themselves forward. I can’t stop people from putting themselves […] What we do is explain the need, as I said.Sometimes, when it comes to cutting tax benefits, people vote. And sometimes, when it comes to regularizing the containment, the increase in spending, people don’t vote”these.
According to Haddad, there is resistance from both political spectrums in relation to fiscal balance. “The right doesn’t want to pay the taxes it owes and the left doesn’t want to contain spending. How do you close the accounts? […] Because then a breakdown happens. Sometimes people say: ‘Wow, but look what we’re going through. What is happening?’ What’s happening is that I’m not paying attention to my public accounts. It’s not something you can divert attention from.”these.
The head of the Treasury also defended the need for a spending review “permanente”.
“I believe that the Executive, in any sphere of government. be it a city hall or a State, It is necessary to have a practice of reviewing expenses. (13:42) This can’t be something like this: ‘Ah, now we’re going to start doing that. This has to be a routine […]. It shouldn’t be something extraordinary or surprising.”these.
IMPACT
When detailing the fiscal package on November 28, the impact initially estimated by the economic team was for 2025 and 2026. The projection for the next 6 years is .
This Friday (Dec 20), Haddad that the impact of the tax package “it’s R$1 billion less” in the next 2 years. With this, the savings from the measures would increase from R$70.9 billion in 2025 and 2026, after changes and approval in the National Congress.
Economists and financial market analysts consider the measures insufficient to balance public accounts.
“Either I would order it now to approve a first wave of adjustments, or I would leave a more robust package for next year. THE that would generate more uncertainty, at least. ‘No, I won’t send it now because it’s not robust enough. It would be a cold shower’“declared Haddad.
The minister also said he was not “simple” cuts spending and refuted statements about dehydration of measures.
“There is talk of dehydration. In fact, hydration was expected. And there was no hydration”he declared.
