Correction of the IR table and program to renegotiate debts are already with Lula, says Haddad – 02/13/2023 – Market

After Carnival, the federal government must present a debt renegotiation program called Desenrola. The Minister of Finance, Fernando Haddad, made the prediction when speaking at the opening of the meeting of the PT’s national directory this Monday morning (13th), in Brasília.

According to him, both the Development and the correction of the Income Tax table are already on the table of President Luiz Inácio Lula da Silva (PT) awaiting his decision.

Haddad’s speech was not opened to the press and the information was provided by the PT’s press office.
Desenrola should offer easy conditions for people to renegotiate debts up to a certain limit, to be defined by the federal government.

With this, the hope is that there will be a boost to consumption, which would help in the economic recovery. The program can cover up to 40 million Brazilians who are indebted and have an income of up to two minimum wages, equivalent to R$2,640.

There are almost 70 million consumers whose names are negative due to default and the debt level is a record.

Regarding the correction of the IR table, the president’s will is to exempt from the tax people who receive up to R$ 5 thousand, but this should not happen this year. Today, those with a monthly salary of less than R$ 1,900 are exempt and the plan under discussion considers raising this level to two minimum wages (R$ 2,640)

In addition to the announcements, Haddad also addressed monetary policy and the issue of interest rates in his speech to the PT’s national directory. The subject is the reason for disputes between the Central Bank and President Lula, who criticized on several occasions the monetary authority’s decision to keep the Selic rate at 13.75% at the last Copom meeting.

According to a PT advisor, Haddad repeated what he said last week in a meeting with the party’s bench in the Chamber of Deputies. At the time, the minister did not repeat Lula’s harsh tone in criticizing BC president Roberto Campos Neto, preferring to distance himself from the crisis.

The PT bench, in turn, articulates an invitation for Campos Neto to go to the National Congress to talk about the interest rate policy.