‘Public debt is audited daily by several bodies,’ says Haddad

by Andrea
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In an interview with Podcast 3 Irmãos, the Finance Minister said the Union’s charges are accompanied by a ‘Central Bank’s Career Technical Team, the TCU and the National Treasury’

@podcast3irmaos / Youtube
Fernando Haddad, Minister of Finance, during an interview with Podcast 3 Irmãos

The Minister of Finance, stated that the It is audited every day. “It has control bodies, as TCU, National Treasury, is all accompanying a career technical team. This work is done daily, ”said Haddad during an interview with Podcast 3 Irmãos. Also asked about the independence of the Central Bank, the minister clarified that“ the Central Bank in Brazil has been independent for a long time, even before the law of autonomy is approved. Since the Real Plan, the Central Bank has gained a great range to protect the currency, ”he explained.

Haddad also stated that his conversation with the current president of the Central Bank, it’s very frank. “I call and say what I think. The Central Bank president has to listen to everyone, listen to economists, bank presidents, the farm,” Haddad said, making it clear that even so, the final decision on monetary policy will always be from the Central Bank.

Regarding the current interest rate, Haddad has reaffirmed that Selic is very high and that this hinders debt rolling with banks, but that Brazil has been growing even with the current level of interest rate. “There is a conversation between economists about the proper interest rate. It’s a normal technical debate, each one is in their chair and seeing their scenario,” he said, noting that there are government criticism of the BC command, as BC criticism about government command. “The galipole when criticizing the farm is always educated in its places,” he said.

*With information from Estadão Content

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