Tebet anticipates that April's inflation will be lower than expected.
In a public hearing at the Senate, the Minister of Planning detailed the current economic context, with recent figures and projections for the Gross Domestic Product and inflation.
Agency Brazil - The Minister of Planning and Budget, Simone Tebet, anticipated that the inflation figures to be released this week by the Brazilian Institute of Geography and Statistics (IBGE) will be a positive surprise. The announcement was made during a public hearing in the Federal Senate.
Right at the beginning of her speech, when detailing the current economic context – with recent figures and projections for the Gross Domestic Product (GDP, the sum of all wealth produced in the country) and for inflation – Tebet said that the GDP growth outlook is 1,6% this year, rising to 2,3% in 2024 and 2,8% in 2025.
“The inflation rate continues on a deceleration trajectory. Tomorrow [10] we will have a surprise, even. The inflation figure will be a little lower than expected,” said the minister regarding the Broad National Consumer Price Index (IPCA) for April.
She recalled that the country recorded inflation of 10% in 2021 and 5,8% in 2022. "The official estimate is 5,3% this year; 3,5% in 2024 and 3% per year from 2025 onwards," she added at the joint public hearing of the Infrastructure and Regional Development committees in the Senate.
Participatory PPA
The minister reiterated that her department's focus is on "sustainable growth with social inclusion," and that this will be taken into account in the actions to be developed through the Multi-Year Plan (PPA), the main medium-term budgetary planning instrument of the federal government.
According to Tebet, the PPA (Pluriannual Plan), which is being prepared, "will be broadly participatory, as determined by President Lula and international organizations. It will be the most participatory PPA in history," said the minister, referring to the Participatory PPA, an initiative through which citizens, members of national councils, and civil society entities, such as unions, associations, and non-governmental organizations (NGOs), collaborate in the plan's development.
"And we will listen to states and municipalities, because planning is done collaboratively," he added, noting that the PPA is "the starting point for next year's LOA [Annual Budget Law]."
On Monday (8), the Secretary of Public Integrity, Izabela Moreira Corrêa, said that the government intends to use popular participation tools for defining public policies.
She added, however, that such initiatives will be in vain if society does not contribute to the formulation of proposals.