Fiscal scenario worsened for 78% of the market, shows pre-Copom questionnaire

In the view of 78% of economic agents, the public accounts scenario of the country worsened between the November and December meetings of the Monetary Policy Committee (Copom) of the Central Bank (BC), showed a questionnaire carried out before the meeting, published this Wednesday (18).

Another 14% pointed out that there were no relevant changes in the outlook, while only 8% saw an improvement.

The result marks a worsening in market perception. In November, 38% of respondents estimated that the fiscal situation had worsened.

Since then, what has stirred the tax debate has been the .

Since the end of the elections, on October 27, , whose objective was to guarantee .

Finance Minister Fernando Haddad released the package at the end of November. The initial announcement was made on a Wednesday night, on national television, and the following morning a press conference was organized to explain the set of actions.

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In addition to being – the government expects savings of more than R$70 billion in the next two years – and displeased economic agents.

The median determined by the Central Bank (BC) in its pre-Copom questionnaire is that the fiscal package should have an impact of R$17.8 billion in 2025 and R$25.5 billion in 2026, for a total of R$ 43.3 billion between the next two years.

When justifying its decision, the country’s basic interest rate, and, consequently, inflation expectations.

In the pre-Copom questionnaire – whose meeting was held between December 3rd and 4th –, the market median bet that the country would end the year with inflation at 4.82%. , released this Monday (16), the bet has already risen to 4.89%.

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