High interest rates have led to indebtedness, and payroll loans for CLT (Consolidation of Labor Laws) workers are a matter of justice, says Haddad.
The minister also cited the cap on revolving interest rates, mentioning that it is a measure to "prevent the overexploitation of the most vulnerable party."
Marina Verenicz and Paulo Barros, Infomoney - Finance Minister Fernando Haddad said on Monday (24) that the new type of loan for CLT workers and MEI, named by the government Worker Credit, is a “matter of justice”, and is part of a microeconomic agenda that is detached from the macro discussion, amid high interest rates.
"Why can't private sector workers have the same benefits as public servants and retirees? It wasn't the debt that made people over-indebted, it was the interest," said the minister during the Rumos 2025 event, promoted by the newspaper Valor Econômico.
Haddad also cited the cap on revolving interest rates, mentioning that it is a measure to "prevent the overexploitation of the most vulnerable party, which is precisely that person who needs credit for an emergency and falls into a trap that prevents them from breathing."
“This measure is structural; it has nothing to do with the current Selic interest rate situation. We need to create macroeconomic and microeconomic conditions for Brazil,” said the Finance Minister. “Without this microeconomic agenda, accompanied by the macroeconomic one, these more orthodox policies will not help the Brazilian economy.”
“We were prisoners of a model with high primary deficits for a long time, with an accumulated deficit of around R$ 2 trillion. What was lacking was a microeconomic agenda for the country to help our economy,” said Haddad.
