Alckmin foresees a drop in interest rates with the approval of the “fiscal framework”

The vice-president and minister of Industry and Commerce, Geraldo Alckmin, stated that the new fiscal framework proposed by the government will make it possible to lower interest rates in the country. The information was given during the seminar “Brazilian gas for the reindustrialization of Brazil”, this Monday (4/17).

The government’s new proposal for the spending ceiling will be delivered to Congress this Tuesday (28). According to Alckmin, there are conditions for the Central Bank (BC) to initiate a reduction in the economy’s basic interest rate, the Selic, currently at 13.75% per annum.

“There has always been a triad: exchange rate, interest and tax. The exchange rate is competitive, it’s good. The tax will be improved by the tax reform. Regarding interest, we believe that, with the proposed fiscal anchorage, we will have a necessary reduction in interest rates. The cost of capital is one of the main items on a competitiveness agenda”, said the vice president.

At the event, Alckmin announced the creation of a government work group to discuss the reduction in the price of natural gas in the country. He also highlighted the creation of the National Industrial Development Council (CNDI), which he will lead.

“President Lula’s commitment to industry has already begun with the reinstallation of the Ministry of Development, Industry, Commerce and Services and the National Council for Industrial Development, which will be installed in the next few days. And with two very important structural reforms: the tax reform, which is well underway, and the fiscal anchoring”, he concluded.