Analysis by Estadão: By decree, Bolsonaro extinguished Guedes' "superpowers" and placed him under the tutelage of the Civil House.

247 - Journalist Breno Pires, from the São Paulo publication, says that "the Centrão took the pumps, the hoses, the cash register, and even the convenience store" from what would be the "Ipiranga Gas Station," as Economy Minister Paulo Guedes was nicknamed in a marketing ploy since the 2018 election campaign. "From the Super-Ministry of..." Businesswhich absorbed the Planning Ministry, leaving only one minister. Paulo Guedes Tutelary. Activities typical of the economic area, such as budget reallocations, have now become a shared responsibility, with the minister having veto power. Cyrus Nogueira".
According to Pires' analysis, "The message to sectors sensitive to the economic area is one of greater fragility in management, with possible budgetary disarray motivated by incessant political pressures. Economists believe this insecurity could fuel the specter of..." inflation".
He warns that “Presidential Decree No. 10.937, of January 12, does not revolutionize the balance of power. It crystallizes a change that had already occurred.” And he concludes: “In practice, the autonomy for the management of Get a quote It was no longer Paulo Guedes's doing. He had submitted to the will of the Presidential Palace, for example, when he proposed to Congress the credit to give a salary increase to federal police officers.

Paulo Guedes has always presented himself to the market as the man capable of overseeing the boss, Jair Bolsonaro. In practice, this has never happened. Now, thanks to Decree 10.937, he is the one under the tutelage of Senator Ciro Nogueira, Minister of the Civil House and one of the leaders of the Centrão, the power group that controls Parliament – ​​the Minister of Economy has also never hidden his contempt for parliamentary practice and deadlines.

Read here The full text from O Estado de S. Paulo.