Trabuco sees Haddad serene and firm on tax issue – 02/16/2023 – Panel SA

Businessmen who attended the dinner with the Minister of Finance, Fernando Haddad, in Brasília, this Wednesday (15), say they saw the minister’s determination to move forward with his fiscal agenda, with the approval of the tax reform proposals and the new structure of control of spending.

For Luiz Carlos Trabuco, chairman of Bradesco’s board of directors, Haddad was serene, and showed firmness about the importance of signaling solutions for the tax issue.

On the issue of interest rates and the inflation target, a heated debate in recent weeks due to President Lula’s statements against the Central Bank, Trabuco says he sees no reason for controversy. For the banker, “the uproar has cooled down, it’s natural”.

“Just follow the daily speeches and pronouncements of the leaders of the Fed, ECB [Banco Central Europeu] and BoE [Banco da Inglaterra] to verify that the discussion on monetary policy has changed a lot, modernized to new global purposes. Today, we realize that the debate on the interest rates necessary to combat inflation is permeated with reflections on economic activity and employment. It is fair and right to add more complexity to the issue of monetary policy.”

The dinner was organized by the Esfera Brasil group, which brings together businessmen such as João Camargo, Abilio Diniz and Rubens Ometto. The executive secretary of the ministry, Gabriel Galípolo, also attended the event.

Earlier, this Wednesday, at an event held by the BTG Pactual bank, Haddad said that the government should bring forward the announcement of the new fiscal rule to March, which will replace the spending ceiling, and reinforced the need for harmony between fiscal and monetary policies, defending the reduction of interest.

Joana Cunha with Paulo Ricardo Martins It is Diego Felix

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