In an interview with CNN this Sunday (25), the former Minister of Finance, Maílson da Nóbrega, said that the government of President-elect Luiz Inácio Lula da Silva (PT) “will face the greatest economic challenge, in terms of costs, difficulty in growth and risks taxes, since the Real Plan”.
“It is a challenge compounded by an unfavorable international scenario, the result of the effects of the pandemic, the war in Ukraine and threats of invasion of Taiwan by Beijing. All this generates a climate of extreme uncertainty, which has even provoked a discussion about a reconfiguration of global supply chains, which would make the world economy less efficient”, he said.
Also included in the package is an “end of the era of low interest rates”, thanks to the effects of the pandemic on prices, and the highest inflation in the last 40 years.
According to the former Minister of Finance, the domestic scenario will not be easy to digest in 2023 either.
“The fiscal situation is very serious, and the government needs to show signs that it is willing to have a big negotiation with society around the establishment of rules that avoid unsustainability of the public debt, which would lead to capital flight, increase in interest futures and the cost of the Treasury, exchange rate depreciation and high inflation”, said Maílson.
“All of this means less growth potential and more suffering for less favored classes.”
Check out the full interview in the video above.
Source: CNN Brasil
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