Tipped to head the Economy Ministry, Haddad tells bankers that the priority is taxing income.
Speaking on behalf of Lula at an event at Febraban, Fernando Haddad also advocated for "reconfiguring the budget and giving it more transparency."
247, with information from Reuters - Former minister Fernando Haddad said this Friday (25) that the clear determination of president-elect Luiz Inácio Lula da Silva is to give total priority to tax reform right at the beginning of the government.
Haddad, the leading candidate to be the future Minister of Finance, emphasized that he was at the event hosted by Febraban, the country's banking federation, to represent the president-elect and speak on behalf of Lula.
“I was invited by the president of Febraban to participate. I declined the invitation on Tuesday, but yesterday I received a request from President Lula to represent him at this event. I will be speaking on his behalf, not in my own name,” he said.
“President Lula is very clear about the goals of his third term. President Lula's clear determination is that we give total priority to tax reform,” Haddad announced. “The president tried twice during his eight years in office, including with the support of the governors, and submitted a constitutional amendment proposal to promote the reform, but we were unsuccessful.”
Reconfigured budget
Haddad also said that the current federal budget struggles to meet any of its planned commitments. He believes the budget needs to be reconfigured to provide consistency to public spending.
“Today we have a budget that is very difficult to achieve any of its planned objectives. Many programs structured decades ago have been losing functionality over the years,” he stated. “We need to rethink several expenditures that have been held back. We have an enormous task of reconfiguring the budget and making it more transparent, without taking away the leading role of Congress.”
According to Haddad, "Congress can and should participate in budget management, but that doesn't mean it should relinquish its commitment to transparency and efficiency in public spending."
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