Alckmin: Fiscal framework will include debt curve, surplus and spending control.
"A smart, well-executed measure that will bring considerable security to fiscal matters," said the Minister of Development, Industry and Trade.
By Marcos Mortari, InfoMoney - Vice-President Geraldo Alckmin (PSB), Minister of Development, Industry and Trade, stated this Monday (20) that the new fiscal framework proposed by the Ministry of Finance will combine a look at the public debt curve, the primary result and spending control.
The text was presented by the Minister of Finance, Fernando Haddad (PT), to the other members of the economic team and delivered to President Luiz Inácio Lula da Silva (PT), who requested further meetings with the presidents of the two houses of the National Congress and with political leaders before the official announcement.
"I think the government will submit, in the coming days, the fiscal anchoring project, which will also combine the debt curve, on the one hand a surplus, and on the other hand control of spending. An intelligent, well-done measure that will bring considerable security to the fiscal issue," Alckmin stated at an event at the headquarters of the National Bank for Economic and Social Development (BNDES) in Rio de Janeiro.
The details of the proposal have been kept under wraps by Haddad, who says he has consulted ministers and economists from outside the market (to avoid the risk of insider information and speculative impact on prices) and taken measures to prevent leaks.
The clues given by Alckmin are, so far, the main public signals from a member of the government about what will come in the supplementary bill to be sent to parliament. The expectation is that the proposal will be presented this week, before Lula's official trip to China, scheduled for Saturday (25).
The Proposed Amendment to the Constitution (PEC) for the Transition, which opened up space in the Budget for the implementation of the new Bolsa Família program and other campaign promises of the new government, establishes that the Executive Branch must submit the new rule to Parliament by August 31st.