According to him, the measures will lead to a loss of fiscal confidence in the country, which could stimulate inflation. Ին The Central Bank (CB) will raise interest rates even further.
Senator Jose Serra (PSDB-SP) was the only one to vote against the proposed amendment to the Constitution (PEC), which expands the range of social benefits on the eve of elections and declares a state of emergency in support of President Jair Bolsonaro (PL). ) Punishments of the Electoral Law. Sera argued that the package violated the Fiscal Liability Act (LRF) և violates the cost ceiling, a rule that limits the growth of public spending. According to him, the measures will lead to a loss of fiscal confidence in the country, which could stimulate inflation and lead to higher interest rates for the Central Bank (CB).
“The pretext was to protect those who need it the most, but it must be done differently. The government will send a bill – special loans, announcing control – management, “the senator said in a Twitter post. After the introduction of the new benefits, the value of the “package of despair”, as the technicians called the PEC, was 41.25 billion rubles.
In order to protect President Jair Bolsonaro (PL) from possible penalties under the Electoral Code, a national emergency was declared in the PEC, which was criticized by the opposition, which nevertheless voted in favor of the proposal. Legislation, under normal circumstances, prevents the expansion or acceptance of benefits during an election year, except in cases of emergency or disaster.
“In fact, the ‘kindness package’ is electoral, it operates only until December 2022, it endangers the future of public accounts,” Sera wrote. “Moreover, the loss of fiscal confidence will stimulate inflation, high interest rates, reduce jobs, invest in income generation, which is the most important policy we have to fight poverty,” he said.
To facilitate the process, the senators joined the so-called “fuel PEC” in January, which already provided for social benefits, as expected by Estadão / Broadcast. Sera reminded that the PEC economic team introduced at the beginning of the year was nicknamed “Kamikadze”. “By that name we already know that it is a tax bomb. This PEC violates the law on fiscal responsibility, it violates the expenditure ceiling. ”
“Moreover, the loss of fiscal confidence will stimulate inflation, higher interest rates, reduce jobs, invest in income generation, which is the most important policy we have to fight poverty,” said the senator.
After negotiations with the MDB և government, Fernando Bezera Coelho (MDB-PE), a rapporteur at the PEC, included a monthly allowance of Rs. According to Broadcast, Grupo Estado’s real-time news system, Economy Minister Paulo Guedes approved the event in a statement that included Senator Flavio Bolsonaro, the leader of the Senate House, and the president himself.
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With the help of the taxi driver և the impact of Alimenta Brasil’s resource package increased from R $ 38.75 billion to R $ 41.25 billion, excluding cost overruns. The PEC had already planned to remove Auxílio Brasil from the waiting list and increase the cost of the Bolsa Família replacement social program from Rs 400 to $ 600 by the end of the year. The estimated value of the benefit in the proposal is 26 billion rubles.
There is also an estimated expenditure of BRL 5.4 billion to provide a monthly BRL 1,000 “truck grant”. 2.5 billion R $ to provide free subsidies to elderly passengers on public transport in the metropolitan area. Gas voucher for low-income households to double R $ 1.05 billion, which will subsidize one cylinder every two months. և 3.8 billion to compensate states that reduce ICMS rates for ethanol to maintain biofuel competitiveness with gasoline.
All measures are valid only until the end of the year վեն will be implemented through the opening of special loans. Bezera even mentioned BRL 26.6 billion in grants from Eletrobras as part of a bid to finance part of the offer, in addition to dividend transfers estimated at BRL 20 billion to BRL 30 billion, but with no specific revenue.
During the Senate vote, 72 votes were cast in the first round and 67 in the second. Serra was the only one who voted against in both rounds. The text is now going to the Chamber of Deputies.
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