In an interview with CNN this Thursday (17th), the former finance minister, Henrique Meirelles, defended pruning misallocated expenses to “compensate for the increase in necessary expenses”, arising from a “terrible Budget”.
“It is necessary to take advantage of an important space that exists for cutting expenses. For example, in São Paulo we closed companies that had lost their purpose for existing and this generated a huge balance, of more than R$50 billion,” Meirelles told CNN Novo Dia.
“In the federal government there are many other things. Let’s say: a company created to build a bullet train ten years ago, but that bullet train became unviable and the company continued to exist. There are many others in this situation. It is now possible to enter a second stage, after defining the essential expenses, which is to cut expenses to compensate and make room for the increase in necessary expenses, which come from this bad Budget.”
Meirelles’ defense comes in the wake of a speech by president-elect Luiz Inácio Lula da Silva (PT), who, at COP27, said that the spending cap “takes money out of
In update.
Source: CNN Brasil
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