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Interest

Mantega study confirms return of savings to reduce

This article was translated by an automatic translation system, and was therefore not reviewed by people.



The Minister of Finance, Guido Mantega said on the night of Thursday, the government will move on the profitability of savings, and made clear that it will be down. He argued that the changes will not affect the security of the application, ie it is still fully guaranteed by the government, and that the small saver - which accounts for 95% of all deposits of the application - will have a "good return".

However, when asked if that would return the same as today, the Referential Rate (TR), today at around 2% per year, plus annual interest of 6%-, Mantega was clear:

- Of course not, but does not change anything - he said after meeting with President Luiz Inácio Lula da Silva and the President of the Central Bank (BC), Henrique Meirelles.

This Thursday, President Lula also confirmed changes in the rules of the savings to protect the small saver, but gave no details:

- As fall begins to interest rates, you must have a balance, because not only is more saving, investment will be. In a minute the multinational will want to put money in savings - Lula said. - So we take care not to break a system that works properly.

The minister emphasized the need to amend the remuneration of savings because the basic interest rate in the country, today at 11.25% per year, is in decline. Therefore, the gains of the book are better than those of some funds for investment and therefore attracts large applicators. With the savings is exempt from Income Tax (IR), the government wants to avoid this benefit to large investors.

- Certainly we'll change that preserves the interests of the vast majority of savers. There is nothing to fear. The world is living with lower interest rates - said the minister, without going into details of what is being assessed, how to put a ceiling for applications or even the tax booklet for large investors.


The government, according to sources, to change the profitability of savings (TR plus 6%) of a part of the Selic. Therefore, ensure that the application will not be greater than the fixed-income funds, heavily tied to the basic interest rate.



Source: The Globe

This article was translated by an automatic translation system, and was therefore not reviewed by people.

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