Clipping of news on Brazilian Culture, Law and Citizenship
08.20.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Cristina Indio do Brazil - Reporter Agency Brazil
The finance minister, Joaquim Levy said today (19) the approval by the House of Representatives, fix the remuneration of the Service Time Guarantee Fund (FGTS) is the first step of the process. The minister participated, in Rio de Janeiro, the 34th edition of the National Meeting of Foreign Trade (ENAEX) in South America Convention Center, in the city center.
The finance minister, Joaquim Levy, speaking on the first Strategic Dialogue Meeting (Antonio Cruz / Brazil Agency)
To Joaquim Levy, it is important not cause any weakness to fundoArquivo / Antonio Cruz / Brazil Agency
According to him, as said Senator Renan Calheiros (PMDB-AL), the proposal must be reflected in the Senate, to see if it is the best solution and it preserves the stability and the fund's ability to finance affordable housing. "Now we have a moment of reflection. Therefore, we have a bicameral system."
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House approves scaled adjustment to FGTS deposits
According to the minister, the important thing is not to cause any weakness in the background. "Obviously, as we have seen, has to make a balance between the desire to be able to pay more and the ability of the fund to achieve its objectives for the workers themselves," he said.
Levy reported that lending by public banks to the automotive sector is mostly for market lines. He added that the most special is for public transport, which, for the minister, is more efficient and sustainable for the environment, in that it reduces traffic jams. The rest is for more commercial lines.
"We support suppliers by using the self-worth of the automakers' credit quality. I think it's an arrangement that has no greater risks and are of commercial interest to everyone," he said.
The minister denied that the measure compromises the government's fiscal adjustment. "No compromises. It is a market transaction that actually assumes the commitment to the automakers contracts. It is an absolutely normal thing."
During the lecture, the minister said that the exchange rate set and the government realized what needed for this adjustment. "The adjustment of the exchange rate in an economy of free enterprise has enormous power signaling. The prices are the main flags of a free economy. Obviously, we hope that this signal will have impact on the various sectors of the economy," he said.
Source: Agency Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.