Finance Minister Fernando Haddad said that the government of President Luiz Insio Lula da Silva (PT) is committed to adopting high -quality financial amendment measures, as he was sent to the International Monetary Fund Committee (IMFC).
In the document, he says that the new tax framework was useful for the country and replaced “wrong financial policies”.
“The new tax framework has served well for the country, which gives way to a priority social spending, ensuring long -term debt sustainability,” Haddad said in a position that was sent to the committee meeting, which will be held between Thursday and Friday during the International Monetary Fund Spring meetings, which will be held in Washington, United States.
However, the fund indicates that the weight of public debt in the Brazilian GDP (GDP) should increase from 87.3 % by 2024 to 92 % this year. Throughout the Lula administration, the body sees an exacerbation of more than 12 degrees Celsius.
The head of the economic team in Lula notes that the government has set goals for social spending and a new rule to ensure a long -term financial sustainability for the minimum wage to reduce the increase in mandatory expenditures and its compatibility with the new tax framework.
He said that at revenue, he takes steps to increase progress and reduce the ineffective benefits that erod the tax base.
According to Haddad, since the second half of 2024, a gradual financial unification strategy has contributed to bridging the product gap in line with the most restricted monetary policy.
He concluded by saying: “At the same time, the government is committed to adopting high -quality financial amendment measures, maintaining social gains and contributing to reducing inequality.”
Industry confidence has a lower level in approximately 5 years
