The National Confederation of Industry (CNI) appealed, on Monday (3), to the new presidents of the Senate, David Alcolumbre, and the House, Hugo Motta, to promote with the federal government and the judiciary “rationality” of public spending and commitment to the country’s fiscal balance.
“We advocate, however, a balance in which coexist budget responsibility with the promotion of development, so that the harmonization of monetary and tax policies do not make the achievements achieved by the industry until mid -2024,” says a statement released by CNI.
In this context, according to the text, it is important to highlight that there is no longer the possibility of increasing the tax burden. “Just verify that the collection grew, in real terms, 9.6% in 2024”. In CNI’s view, the increase in revenue has to come through the growth of the economy and the fight against the illegal market, and not from more burden of productive sectors.
CNI also emphasizes the importance of rationality in the basic interest rate and bank spread.
“It is imperative to use other monetary policy tools that do not impact Selic and, consequently, public debt, such as the proper use of compulsory deposits in conjunction with the restriction of automatic application of cash deposits.”
Still according to CNI, interest rates can no longer be used as a single tool for inflation control, as it no longer consider the impactful effects of interest and the exchange rate embedded in inflation itself.
In order to contribute to the debate, CNI informs that it will start, on Tuesday (4), to the construction of the Industry Legislative Agenda 2025. The document is prepared in partnership with the State Federations of Industries, Sectorial Associations and National Unions with the priority propositions in the National Congress.
“The proposals reflect industry’s commitment to the future of Brazil and serve as an instrument to qualify dialogue with the Legislative Power and promote economic and social growth, towards the joint creation of a fairer and developed country,” concludes the note.
