The president of the Central Bank, Roberto Campos Neto, stated at the IX Legal Forum in Lisbon this Tuesday (16) that it would be “very important to offer a cut in spending” despite the “limitations” of the political world.
“I think that having some level of balance in spending would be very important, signaling some cuts in spending, something along these lines,” he said.
“I understand the difficulty and understand that the political world generates its limitations in this regard. But the fact is: what we have to look forward to is what will balance the perception in the future, regardless of what is happening in the short term”, he added.
Campos Neto added that the perception of the future, even with the political imbroglios, cannot be that Brazil cannot grow structurally with higher levels. “If people start to think that Brazil’s structural growth is not 2%, 2.5%, it’s 1%…”, he said.
In addition to Campos Neto, the presidents of the Chamber and Senate, Arthur Lira (PP-AL) and Rodrigo Pacheco (PSD-MG), ministers such as Rogério Marinho (Regional Development), Bruno Bianco (General Attorney of the Union) also participate in the forum. ), Bruno Dantas (Tribunal de Contas da União), ministers of the Federal Supreme Court, among others.
During his speech at the event, Campos Neto also analyzed the interest and inflation scenario, which, for him, could generate a more challenging scenario for Brazil if there is no credibility.
“For the first time, we have a situation in which we are experiencing internal inflation and we are importing inflation from other countries,” he said.
“I think the world will go through a process of normalizing interest rates, it has already started and I think it has a tendency to continue for everything I said here, and this will make the environment even more challenging for Brazil.”
The BC president defended that, among the measures to guarantee the country’s credibility, is the need to continue with “structuring reforms”.
“It is important to send out the message that we have to continue with structural reforms. The way to find this fiscal balance is with credibility”, he affirmed. “Credibility, today, more than in the details of the day-to-day fiscal, is to send a message that we are a country that has the capacity to have a higher sustainable growth”.
Reference: CNN Brasil
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