Haddad’s statement was given in a meeting with Fiesp directors, in which he guaranteed a high intensity of reforms.| Photo: reproduction/You Tube

Tax reform and the new fiscal framework are the two priorities of the Ministry of Finance at the beginning of this government, said Minister Fernando Haddad during a meeting with the board of directors of the Federation of Industries of the State of São Paulo (Fiesp) this Monday morning ( 30).

The new economic policy, promised since the end of last year during the elaboration and approval of the PEC fura-teto, is part of an agenda that also includes actions in the regulatory area for new private investments and improvement in the granting of credit in the country.

“It will be a high-intensity government from the point of view of the necessary reforms to make this country move forward”, he said, acknowledging that there is still “a certain anxiety of answers to everything as if, in 30 days, we had to deal with all the inherited problems of the recent past and the distant past.

Haddad stated that he has been under daily pressure for the progress of the government’s economic policies, and that the approval of the tax reform and the new fiscal framework will “pacify Brazil in a front delicate”. According to him, these actions need to be taken in the “very short term” so that the government can formulate a more strategic development plan “which Brazil has not had for a long time”.

According to the minister, there is an “enormous opportunity” of growing interest from companies from other countries to invest in Brazil with the advancement of these three government agendas, mainly in the generation of clean and sustainable energy. “This could be a strong component of attracting foreign investment in Brazil and re-industrializing national capital if we take some central measures to think about the repositioning of industry in our economy”, said Haddad to the industrialists.

Finally, Haddad stated that he will carry out the reforms that may be suggested by the Central Bank and that he is open to receiving suggestions and projects from Fiesp and the Brazilian Federation of Banks (Febraban) to reduce the spread banking (difference between what the bank pays a saver or investor and how much it charges to lend the money) and increased competition – such as the “good results” with the advancement of fintechs and cooperatives in the market.