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Guedes says he is confident in the approval of the PEC dos Precatório in the Senate

Economy Minister Paulo Guedes said at an event this Tuesday (30) that he remains confident that the PEC dos Precatórios will pass the Senate, and that “the largest real estate agency is the Brazilian government”, in allusion to payments made by the Union. legally obliged to comply.

“We designed a PEC, which has been heavily modified but is still essential. It’s the ‘least bad’ thing that can happen to Brazil at the moment. I await approval, I trust the Senate”, said the minister, during a speech at an event organized by the Cbic (Brazilian Chamber of Construction Industry), in Brasilia.

Guedes reiterated that he does not consider the PEC a default, and stated that one solution is to pay small claims up front and pay the so-called “super financiers” in installments, with higher value orders.

“There is no default. You want to get paid, get paid if you’re a little one. If not, we can convert to privatizations. I can sell houses, I can sell Eletrobras, the Post Office, I can sell land, I can sell beaches. I’m full of properties,” he said.

“The biggest real estate agency is the Brazilian government. So we can honor. But either you give me time, or you have to take my property,” added the minister.

Paulo Guedes also criticized the former ministers of the Faz who do not agree with the economic policy that the government has been taking in relation to precatories and cited some predecessors.

“Do you think this is the first time that a finance minister has negotiated precatoria? I talked to one who told me he negotiated on a case-by-case basis. Malan negotiated court orders, Meirelles, Guido Mantega. They solved their problem, but not the future. We want to resolve the future”, he said.

Sérgio Moro’s economic “guru”, Affonso Celso Pastore, was also criticized by Guedes, who said that the former president of the Central Bank is trying to “clean up his image” for having presided over the Bacen during the final years of the military dictatorship.

“There was another one (Affonso Celso Pastore) who worked for the military regime and is now attacking the ‘authoritarian regime’ of the Bolsonaro government, which was elected,” he said.

“Now he wants to come clean his biography at the end of his life because he worked during the dictatorship. ‘I’m a Democrat, Paulo Guedes is Bolsonaro’s cheerleader’. If he were a Democrat, he wouldn’t work for the dictatorship”, he added.

Inflation and interest

The minister also commented on the rises in inflation and the Selic rate, and said he considered the recession forecasts an exaggeration, despite confirming that there would be a slowdown.

“Inflation is going up and it’s kind of annoying, because it’s a shock in supply, it’s a rise in construction material, cost, energy, fuel. It is indigestible and it does slow down”, he stated.

“That’s why we’re not going to grow 4 or 5%, but until then and say that there will be a recession, again it’s the group of false narratives, that’s not what’s going to happen, there’s going to be a strong slowdown”, he pointed out.

Guedes said that interest rates are rising precisely to fight inflation. “When you are calm about inflation, when interest rates stay ahead of inflation”.

Finally, the economy minister praised the work of the current president of the Central Bank, Roberto Campos Neto, and said he trusts his economic team, but asked for time for the indicators to adjust to the expected index.

Reference: CNN Brasil

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