Tebet criticizes interest at 13.75% and says that Brazil ‘does not support one development per year’

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Minister of Planning says that high interest rates help with debt and that the program should not be seen as the definitive solution to the problem. Minister Simone Tebet comments on interest rates and announcement of the ‘Desenrola Brasil’ program indebtedness of Brazilian families. “It’s no use doing ‘Desenrola’, making people’s lives easier and presenting an efficient program in all aspects, with interest of 13.75%. Brazil does not support one development per year. We need fiscal space to invest in what we really need, like Health, Education, infrastructure works and everything else”, she said. Share on WhatsApp Share on Telegram The “Desenrola Brasil” program, created by the federal government to renegotiate debts, will start operating next Monday (17). The date was anticipated by the Ministry of Finance in an ordinance, published this Friday (14). For the time being, the renegotiation is valid only for track 2 of the program, for people with a monthly income of up to R$20,000. (See more details below) The minister explained that programs like “Desenrolla” are made from time to time within a certain reality. “We spend every year covering these people and these families because we are not managing to lower interest rates, which is the real cause, among other things, of the indebtedness of Brazilian families. There is no reason,” completed Tebet. According to the government, also as of Monday, the country’s largest banks will have to “clear the name” of up to 1.5 million account holders who have debts of less than R$100. on the 28th. ‘Unrolling starts to take effect from Monday (17th) Unrolling Brazil The measure is not a debt pardon. The debt of less than R$ 100 will continue to exist, but the banks undertake, through the program, not to use this debt to insert account holders in the negative register. In practice, if the person does not have other debts entered in the negative register, he has a “clear name” – and can go back to buying in installments, taking out a loan or closing a rental contract, for example. This commitment was a prerequisite established by the government for large banks to participate in Desenrola. The original deadline was for the end of July, but it was brought forward along with the program’s new date. Track 1 of the Desenrola program, for those who earn up to R$2,640 (two minimum wages) or are enrolled in the federal government’s Single Registry (CadÚnico), should start operating in September. In this range, discounts should be even more advantageous. Myrian Lund gives tips for heavily indebted families The rules for track 2 Track 2 renegotiations can be done directly between customers and financial institutions where debts exist. In exchange, the government will offer banks an incentive to increase the supply of credit. The program will not cover debt renegotiations of the following types: rural credit debt; debts guaranteed by the Union or by a public entity debts that do not have the credit risk fully assumed by financial agents; debts with any type of provision of public resources; debts with any interest rate equalization by the Union. Around 30 million people should benefit from this range, according to the Ministry of Finance. READ ALSO Development: 1.5 million with debts of up to R$100 will have a clean name as of this second Development: see questions and answers about the debt renegotiation program Development: government publishes program rules for debt renegotiation; see who can participate Myrian Lund gives tips on how to negotiate with banks and how to prevent debts from snowballing VIDEOS: g1’s most watched

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