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Paulo Bernardo ensures the commitment to pay the increases planned for July, but says that government can "tighten the belt more." And warns: 'If there is deterioration in revenue, we have to talk again'
Brasilia - The Minister of Planning, Paulo Bernardo, announced that the federal adjustments servers are expected in July, are maintained. "The adjustments will be in July 2009 and July 2010. The commitments are kept, except that if there is significant deterioration in revenue, we have to talk again, "explained Paul Bernardo.
The minister admitted that this year, the government may have to "tighten their belts more," whereas the chances of achieving an additional revenue are few. "We have to further tighten their belts during the year, but I do not believe that will be much," Bernardo soften.
CAP also keep
On Wednesday, President Luiz Inácio Lula da Silva had admitted the possibility of adjustments not to have settled with federal 800 thousand servers. Lula blamed the global crisis and, like the speech of the Minister, sought divine help to fulfill the word: "My idea is met. God wants that (the economy) back to normal soon and not have to fiddle around. "
The federal government also ensures that the resources are kept of PAC (Growth Acceleration Program). Will be reduced still the primary surplus this year - that the economy is made to pay interest on public debt. The goal for the entire public sector remains in 3.8% of Gross Domestic Product (GDP).
IN SELIC 10.8%
For the first time, the government intends to use the Pilot Investment Project (IPP) - created by the International Monetary Fund (IMF), which lets down to 0.5% of GDP, equivalent to U.S. $ 16 billion for spending on infrastructure. Therefore, the goal in practice to fall to 3.3% of GDP for the entire public sector.
The government also reduced by R $ 48 billion of the forecast revenue this year, to U.S. $ 757 billion. Only the Federal Revenue collection, the fall was U.S. $ 37.4 billion. Shipments fell by U.S. $ 15.8 billion to R $ 127 billion.
The inflation forecast for the IPCA (Consumer Price Index Expanded) was maintained at 4.5% this year. The average rate of exchange is $ 2.30 and the basic interest rate (Selic) was designed in 10.8% in December (now at 11.25%).
Collection backs, but admits new revenue cuts
Although the collection of taxes and have recorded the worst result in February since May 2006, the general coordinator for the Study of Prediction and Analysis of Federal Revenue, Marcelo Lettieri does not discard new desonerações (cutting taxes) to address the global crisis .
Last month, the revenue raised R $ 45.106 billion, 27% less than in January. On February 2008, the decline was 11.53%. Accumulated in the 1st term, the revenue was R $ 106.548 billion, a decrease of 9.11% before same period of 2008.
In presenting the figures, Lettieri said that the decision on the desonerações not for the tax authorities, but the economic team. He added that the role of income is to examine the effect of relieving the tax burden on the economy and their own revenues.
Among the main factors that contributed to the drop in federal revenues, are the decline of 17.23% in industrial production in January. The Revenue also highlighted the change of scale of impact of the IPI (Tax on Industrialized Products) on cars, which runs until the end of this month, as a measure of effort against the global crisis, announced in December last year.
Source: The Day online
This article was translated by an automatic translation system, and was therefore not reviewed by people.