The Minister of Finance, Fernando Haddad, declared, this Friday (10th), in an exclusive interview with CNN when asked about the stagnation in Brazil lives, that the credit system in the country is very bad and expensive.
“Our credit system is very bad. We do not have credit in Brazil. Our credit is scarce. Is expensive. You cannot undertake. The person has a good idea, above all, sometimes he is smart, but he has not had the opportunity to educate himself. I’m speaking as the son of a semi-literate immigrant, my father. He never set foot in a school in his life and managed to have his little shop, raise his family”, said Haddad.
“How many people with education and credit would revolutionize the lives of their families? We don’t have a credit system in Brazil,” she continued.
According to the minister, the country started to invest in education late, only in the 21st century.
“While the whole world invested money in education, 4%, 4.5%, 5% of GDP, Brazil invested 1% of GDP in education. We don’t educate our people, we don’t give people the opportunity to educate themselves. This is a fundamental pillar”.
Regarding the collection, the minister said that productive companies are punished.
“The company that is productive, pays its taxes on time, its workers on time, competes with a hack, who does not pay taxes, does not pay labor rights and who sometimes kills the good company and survives at the expense of Refis [Programa de Recuperação Fiscal]of forgiveness”.
Source: CNN Brasil
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