Finance Minister Fernando Haddad said on Friday that the government does not intend to change the current design of the tax framework, based on primary result goal and spending limit.
In an event promoted by Arko Advice, in São Paulo, Haddad stated that the government will maintain the course of economic policy, seeking the fulfillment of fiscal goals and without “exotic” measures for electoral purpose.
“This is the way, we will not invent anything. It is not from President Lula’s shape to invent anything exotic for electoral reasons,” he said.
At the event, he said that Brazil could grow close to the world average without generating inflationary pressures.
Without giving details, the minister said that “when making super recessive adjustment” this ends up harming his own public debt, defending “moderation” on the way to resume positive primary results.
Haddad stated that the conduct of economic policy by the government has been seriously done, which is sufficient to anchor market expectations.
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Regarding positive surprises in the labor market, which shows warming, the minister said that recent data is driven by a strong crop, which demands hiring in harvests, transportation and other points of the production chain.
This Friday, data from the General Register of Employees and Unemployed (CAGED) released by the Ministry of Labor and Employment showed that the largest monthly result of the historical series and far beyond the expected by economists.
In the morning, the Brazilian Institute of Geography and Statistics (IBGE) had also presented strong data. , compared to 6.1% in the immediately preceding quarter, but the number of workers with a formal contract and the average income of workers broke record.
