OPINIÃO. Juros por decreto. Lágrimas a prazo
Passada a eleição, o mercado cobra ajuste fiscal, a imprensa descreve um presidente pouco disposto a fazê-lo, e nesse vácuo grassa a ideia mais sedutora de todas: a de sair do buraco sem cortar nada. A versão mais recente desse tipo de ideia tem autor ilustre e, por algumas horas, pareceu ter as portas do Planalto abertas.
The Brazilian economy is facing high interest rates, with the deficit primary at a small amount and the debt exploding due to interest payments accounting for 10.5% of the GDP. An economist named André Lara Resende has proposed eliminating these absurd interest rates, suggesting that a new council would set goals for four or five years, with the Selic rate falling to around 7.5% within twelve months.
This would contain capital flight using the Central Bank's international reserves. The plan promises an economic growth of 4% of GDP per year, based on the Fiscal Theory of the Price Level (FTPL) theory. However, the President's ministry has denied any meeting with Lara Resende regarding this plan. Despite this, the proposal has gained attention and debate among government officials and economists.
The issue of high interest rates is a significant concern, as the government spends poorly, and the high interest rates suffocate families and businesses. The proposed plan aims to address this issue by setting a ceiling on the interest that the state is willing to pay, which no creditor is obligated to accept.
Written by urgent.news from Brazil Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
