Finance Minister met on Thursday (8.MAI) with representatives of the Moody’s Risk Classification Agency; dealt with the subject and the data centers policy to attract investments
The Minister of Finance, met this Thursday (8.MAI.2025) with representatives of the Risk Classification Agency. The head of the economic team signaled in the conversation that there will be no changes in what the government seeks in the fiscal part.
“I gave the flight plan of what is happening and suggested to them that it has no change of route on the goals of fiscal policy ”, He said in an interview with journalists.
Haddad said he had presented to Moody’s members a scenario of fiscal policy, with prospects for fulfilling the goal. The minister said the questions of the risk agency representatives are a preparation for the report.
The farm holder said he had dealt with these themes:
- micro and macroeconomic reforms, including tax reform;
- ecological transition;
- Credit frame;
- Data Centers Policy;
- Tax framework.
According to Haddad, there were no questions regarding income tax reform, which expands the exemption range for those who earn up to $ 5,000 per month. Nor did they deal with the frauds at (National Institute of Social Security).
The minister said that the representatives of Moody’s asked about the California, USA, to attend meetings with investors and representatives of big techs e. Defended agents that policy focused on data centers is a matter of “National Security”.
Said it was a “anticipation of tax reform for a specific sector ” and that is under construction with the MDIC (Ministry of Development, Industry, Commerce and Services).
“We need to attract processors here. 60% of data processing today in Brazil happens outside the country. Many times I see comments from people who may not be aware of this ”he declared.
Haddad also said it was important to bring these services to Brazil because, according to him, there is shipment of foreign currency out of the country. “So, for data security and the issue of the country’s balance of services, which is required, which has important deficits”he said.
CLASSIFICATION
On October 1, 2024, Moody’s and maintained the perspective in “Positive”.
Brazil is still in the speculative degree, which means that there is a higher risk of default. It seeks to resume the degree of investment, which in 2015, under the presidency of (PT).
In practice, it means that the country has lost the seal of good payer granted by risk agencies.
