Asked about the possibility of new cuts in expenses, the Minister of Finance replied that he will await the disclosure of the next bimonthly evaluation report to make new decisions
The Minister of Finance, said on Tuesday (8) that the economic team is requiring measures to reach the fiscal target this year. He reiterated that this is a shared responsibility for the three powers and assessed that if each one uses their prerogatives to extend expenses and not contribute to the reduction of tax spending, it will be difficult to meet the goal. Asked about the possibility of new expense cuts to reach the goal, Haddad replied that the next bimonthly report of revenue and expenses evaluation, which will be released on July 22, must be waited. However, he considered that the collection came above the projected, which can bring some comfort.
“The collection in the third quarter came well, regardless of today. It came well income tax, social contribution. It came above that projected by the IRS, so this brings some comfort. But we are still requiring measures to meet this year’s goal,” said Haddad.
“Again, it is a task of the three powers to fulfill the goal of the year. If each power is to use of its prerogatives to extend the expense, not to contain the expense and not contribute to the cut of tax expense -which in Brazil has reached absurd levels -we will have difficulty meeting the goal,” he amended. He pondered, on the other hand, that the economic team “is within the schedule.”
IOF conciliation
The minister also stated that the farm is preparing all documents to prove to the minister of Alexandre de Moraes that the decree that increased the rates of It was intended to avoid tax planning and fiscal dropout.
“We will prove to Minister Alexandre that we are avoiding tax planning, tax avoidance, fiscal evasion, because we reach absurd levels. It is $ 800 billion that are favoring certain economic groups over the national business community. Because every time you favor an economic group, you compromise the tax goals, the interest rate is high, harms the whole country,” he said.
*With information from Estadão Content
