Minister denied that measures such as income tax exemption for those who earn up to $ 5,000 monthly aim to increase government popularity
Recently, the Minister of Finance, praised the president’s commitment to fiscal responsibility. In an interview with Bloomberg, he also said that the drop in government popularity is a reflection of economic problems that are disturbing governments around the world.
During his statements, Haddad also denied that measures such as exemption for those who earn up to R $ 5,000 per month and the new model for consigned to the private sector are focused on increasing government popularity, arguing that the measures are structural reforms, and rejected the hypothesis that they hinder the convergence of inflation to the goal of 3% per year. For him, the measures are “very well thought out” and they will hardly have a “strong impact” on inflation.
The minister also reported that the problem of increased cost of living should be solved in the face of interest rates and the appreciation of the real since the end of last year. “Part of inflation is the result of strengthening the dollar. We do not control all international variables, and often not even domestic,” he told Bloomberg. He also said that he is seeking to diversify economic partnerships, in particular with the Middle East, although they see few chances of a broad trade conflict between the country and the.
*With information from Estadão Content
Posted by Nátaly Tenório
