Mansueto Almeida, who declared Lula's government a failure even before his inauguration, backtracks and praises Haddad.
BTG's chief economist participated in a meeting with Haddad alongside other economists from major banks.
247 - The chief economist at BTG Pactual, Mansueto AlmeidaThe president, who had declared Lula's government a failure even before the new president took office, went on to praise the economic policies of Fernando Haddad, the Minister of Finance.
After meeting with Haddad, the executive, who was Paulo Guedes' secretary in Jair Bolsonaro's previous government, praised the... fiscal package announced on Thursday (13), pointing out that the measures could reduce the primary deficit by more than half for 2023. The meeting was attended by other economists with experience in the federal government who currently work for large banks.
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"Of course, we have to wait for some measures in Congress, the reintroduction of gasoline taxes, which should return at some point, but a deficit of R$ 100 billion is less than half of what came out of the budget. Along with the proposed tax reform and the fiscal framework, it will be very important to reduce Brazil's risk rating," Mansueto told reporters after a meeting with Finance Minister Fernando Haddad in São Paulo, according to [source missing]. Value Invest.
According to Joaquim Levy, former minister and currently director of Safra, the Lula government is beginning to send positive signals in the medium term.
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"So we have very relevant information about 2023, and the government is already preparing to give indications for the coming years so that everyone has a roadmap for the economy in the coming years," said Levy.
"Our perception is very similar. Yesterday was an important signal, and one that will continue to be built upon. The market has already reacted proportionally to what has been announced."
Also participating in the meeting were the CEO of Bradesco Asset, Bruno Funchal; economist Daniel Cunha Nascimento Silva; Marcos Azer Maluf, representing Necton; and Mauricio Oreng, Superintendent of Macroeconomic Research at Santander. Representing the government was the Executive Secretary of the Treasury, Gabriel Galípolo.
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