Government should announce an increase in IOF between measures to raise revenue, says Jornal

by Andrea
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The federal government is about to announce a number of measures to increase revenue and contain spending, including an increase in the financial operations tax (IOF). The information is from Economic value.

According to the newspaper, the decree should be published in the Federal Official Gazette around 3 pm on Thursday (22), coinciding with the press conference that will present the bimonthly report of evaluation of primary income and expenses.

President Luiz Inacio Lula da Silva’s economic team should also disclose a retention of spending of R $ 31.4 billion.

Government should announce an increase in IOF between measures to raise revenue, says Jornal

Of this total, R $ 20.684 billion will refer to contingencies in order to ensure compliance with the fiscal target, while R $ 10.689 billion refer to blocks to ensure compliance with spending limits.

Finance ministers Fernando Haddad and Planning, Simone Tebet, will be present at the press conference, where they should discuss details about new expense containment and revenue.

Haddad had already stated that he would present to President Lula specific measures to ensure compliance with the fiscal target, noting that it was not a package, but a set of actions necessary for a responsible administration.

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Experts point out that the approved budget had underestimated expenses and overestimated revenues. Concerns revolve around social security and assistance benefits, such as the continued benefit (BPC), as well as extraordinary revenues that did not materialize as expected in the previous year.

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