Treasury redoes calculations and now says that the impact of Congress's bomb agenda exceeds R$ 111 billion per year
⚡ Quick Summary
The Ministry of Finance redid the calculations on the impact of the approval of the so-called "bomb agendas" being analyzed by the National Congress.
The Ministry of Finance redid the calculations on the impact of the approval of the so-called "bomb agendas" being analyzed by the National Congress.
Interlocutors from the ministry had initially informed g1 that the impact would exceed R$2 trillion in ten years.
According to new estimates released this Thursday (11), which include new measures, the effect will be smaller: a value above R$110 billion per year.
Even so, the impact is greater than the savings of R$855 billion over 10 years estimated by the Social Security reform, approved in 2019 — the result of years of mobilization in the National Congress and broad debate with society.
🔎 A bomb agenda is a term used in the National Congress to designate bills or proposals that create billion-dollar expenses or reduce revenue. These measures have a strong negative impact on public accounts.
Senate CCJ approves PEC on retirement for health and endemic disease agents
See the estimated impact by economic area
Rural Debts (PL 5122/23): R$1.4 trillion in ten years;
PEC das Igrejas (PEC 5/23): loss of R$100 billion in ten years, increasing the tax that everyone pays in the same proportion;
Retirement of Community Health Agents (PEC 14/21): around R$500 billion for the Union in ten years, excluding the effect on municipalities;
Floor for Doctors and Dentists (PL 1365/22): around R$500 billion for the federal government over ten years, in addition to an additional impact for city halls.
With the exception of the PEC for churches, which does not generate a loss of revenue, as both individuals and companies would have to bear this loss, the other proposals imply an increase in expenses and, consequently, in the Brazilian public debt — which is already at a high level for emerging countries.
The former president of the Central Bank, Roberto Campos Neto, explained, in the past, that the interest rate is high in Brazil due to the current level of debt – considered high by the standards of emerging countries. "Interest is high because the debt is high', and not the other way around", he said at the time.
Because of this, analysts ask for the opposite, that the government and the National Congress approve proposals to reduce public spending and, therefore, allow for a containment of Brazilian debt.
The objective is to curb inflation and allow a sustainable fall in the Brazilian interest rate, benefiting the whole of society.
The Minister of Finance, Dario Durigan, has expressed concern in recent days about the "bomb agendas".
According to him, the proposals under analysis must be evaluated "in light of the fiscal responsibility law, which is not only valid for the government, it is also valid for Congress".
"It is necessary for us, all of us, whether the government or Congress, to have fiscal responsibility", said the minister this Wednesday (10).
Minister Durigan, according to the blog of journalist Valdo Cruz, from g1 and GloboNews, won the support of minister Gilmar Mendes in his fight.
In recent days, the Dean of the Supreme Court published messages criticizing the bomb agendas, highlighting that parliamentarians cannot create expenses for the Union, States and municipalities without determining the sources of resources to cover holes in public coffers.
Minister of Finance, Dario Durigan
Washington Costa/MF
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