Fiscal framework may lead to lower interest rates, says Trabuco – 03/30/2023 – Panel SA

Luiz Carlos Trabuco, chairman of Bradesco’s board of directors, praised the new tax rule presented by the Lula government this Thursday (30).

In the banker’s assessment, the proposal is robust and brings predictability by guiding the government towards good management of public accounts. He assesses that the parameters are healthy for the trajectory of the public debt, determining positive expectations for investors and economic agents.

“By being creative, flexible and simple, the new fiscal rule represents a step forward. It maintains the principles of the Fiscal Responsibility Law and the spending cap. Its concept is the combination of expenditure restriction and surplus generation, which increases perspective of less fiscal pressure in the future, opening space for the fall of interests.

He also sees the next steps in the procedure with optimism. “Even because of the positive reaction of the leaders of Congress, the fiscal plan has the opportunity to be objectively appreciated in the course of the voting agenda”, says Trabuco.

Joana Cunha with Paulo Ricardo Martins It is Diego Felix

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