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No project for Welfare, government resumes R $ 100 billion BNDES and propose ceiling for spending

IDEA IS RECOMPOSE QUICKLY GOVERNMENT CASH AND REDUCE COSTS INTEREST

DRAFTING [05/24/2016] [10H58]

Interim President Michel Temer announced on Tuesday (24) that will ask the BNDES to return R $ 100 billion were injected into the institution in recent years. This is the most immediate measure reinforcing the Union box, which should receive R $ 40 billion immediately and another R $ 60 billion in the coming months.

MEASURES: See the five measures announced by Temer

VIDEO: Watch the interview of ministers on economic measures

The package of measures to improve the fiscal situation of the country presented by Temer also includes the termination of the Sovereign Fund, sending a constitutional amendment bill to Congress establishing a ceiling of expenditure for the public sector and changes in the concession rules, in particular in the oil sector. The president said a pension reform project will only be made after discussions within the working group set up to discuss the matter.

The resumption of the BNDES, according Temer, also need a legal guarantee, and represents a reversal in the bank's capitalization policy in the Lula and Dilma Rousseff. In recent years, the Treasury transferred R $ 500 billion to the BNDES to increase the power of lending bank.

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In addition to strengthening the right box, the government seeks to save with the measure. The calculation is that there is an implied savings of $ 7 billion a year, since the funds transferred by the Treasury to BNDES were taken the market by paying a high interest rate, currently 14.25% per annum, and passed by lower rates to the private sector.

Another immediate building measure in the box is the closing of the Sovereign Fund, which currently has R $ 2 billion in cash. As it was established that there was no surplus, the fund is a fiscal cost to the government.

Temer also promised to send to Congress in the coming weeks a constitutional amendment proposal to impose a ceiling on public spending. The idea is that it be corrected for inflation in the previous year, with no real increase in spending - currently the primary spending of the Union, before the payment of interest is 19% of GDP.

The government also wants to pass the bill before Congress and releases the Petrobras to be operator of all oil fields in the pre-salt. This should give more impetus to that concessions are made in the sector, increasing government revenues with the production of oil in the coming years.

On another front, the government wants a project that also transacts be approved in Congress and improves governance and state pension funds. The idea is to make its management is less influenced by political statements and avoid, so the government has to bail out companies and funds.

The last measure is not to allow that there is increase in spending on subsidies. According Temer, ministries can only rearrange values, with no real increase in spending.

ECONOMIC PACKAGE

In short, we may see the five economic measures announced by Michel Temer on Tuesday (24):

Limiting the increase in public spending to inflation last year. Be sent a constitutional amendment to Congress to evaluate.

Resumption of R $ 100 billion that are in the BNDES box. It is still undergoing legal studies and bring immediate injection of R $ 40 billion in government cash.

Support for approval of the project that removes Petrobras the obligation to be operator of the oil fields in the pre-salt.

Support for the adoption of the bill that improves governance in state and pension funds.

Termination of Sovereign Fund, with the resumption of R $ 2 billion it has.

writing source gazetadopovo.com.br/economia/sem-projeto-para-previdencia-governo-retomara-r-100-bi-do-bndes-e-propora-teto-para-gasto-4xwzndq062hvd36hjviaf67ex?utm_source=facebook&utm_medium=midia-social&utm_campaign=midia-social

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• New secretary of the Treasury is the target of Operation Zealots

Document of the Federal Police showing the name of Dyogo Henrique de Oliveira in the investigated list Operation Zealots played by TV Globo (Photo: Reproduction / TV Globo)

Announced on Monday, 21, as the new executive secretary of the Ministry of Finance, Dyogo Henrique Oliveira's target of Operation Zealots, that clears alleged buying scheme for interim measures in government Luiz Inácio Lula da Silva and Dilma Rousseff. The Federal Public Ministry in October asked the breaks in the banking and fiscal secrecy him between 2008 and 2015, which have been authorized by the Federal Court, according to researchers. The transacts confidential process.

Current "number 2" Planning, Oliveira is cited in research as a possible link in the federal government, lobbyists suspected of "buy" provisional measures. The evidence already collected show that lobbyists had contacts at the Presidential Palace and at least two ministries to supposedly deal with the issue of standards, which granted tax incentives to automakers.

Oliveira was already right arm of the new Minister of Finance, Nelson Barbosa, who kept him in office even after his name was mentioned in Operation Zealots. Now will follow Barbosa at the Farm.

Historic

Dyogo Henrique Oliveira was Assistant Secretary of Economic Law of the Ministry of Finance in 2009 and 2011, when they were discussed, edited and approved the Provisional Measures 471 and 512, which are under suspicion of "order" and extended the term of tax incentives given to automotive plants in the North, Northeast and Midwest.

He is quoted in lobbyist Alexandre Paes notes dos Santos, APS, in which data recorded on the trading standards. In one of the excerpts, he noted "Diogo / José Ricardo", followed by "Bureau of Economic Policy" and "SPE".

In a 2011 document, the Marcondes and Mautoni Empreendimentos, a company would have acted in the purchase of MPs, also records a meeting with Dyogo between 28 and 31 March. The partner Marcondes, the lobbyist Mauro Marcondes, and APS are arrested and have been accused of involvement in the scheme. Marcondes is also investigated by the transfer of $ 2.5 million to one company Claudio Luis Lula da Silva, former president Lula's son in the same period of the issue of interim measures of interest to the automotive industry.

meetings

In a note sent to the report in October, Dyogo Oliveira said that, as secretary of the Treasury, had as one of its duties "hold regular meetings with various productive sectors, during which clarified legal and technical aspects of economic measures under discussion."

Dyogo Henrique Oliveira said that "does not maintain any kind of relationship with the people cited as lobbyists in the press and is available to provide information to the investigating authorities."

Regarding the investigations into the Provisional Measure 471, he said that at the time of issue held the position of Assistant Secretary for Economic Policy of the Ministry of Finance. "It was common also the discussion of the term of any tax benefits that the Budget Guidelines Law (LDO), since 2001, limited to a maximum of five years," Oliveira said two months ago.

The information is the newspaper O Estado de S. Paulo.

writing source http://noticias.uol.com.br/ultimas-noticias/agencia-estado/2015/12/22/novo-secretario-da-fazenda-e-alvo-da-operacao-zelotes.htm