February 4, 2023

Lakeview Gazette

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Jair Bolsanaro’s Strange Economic Policy | With strong inflation, he said he did not disable “any price”.

President of Brazil, Jair Bolzano, Stressed that this is Sunday “Price with nothing” does not interfere, Amid market doubts about the government’s economic policy after changing inflation and fiscal liability rules. Bolzano defended his plan to increase social assistance, but denied that the move was linked to seeking re-election. In the 2022 elections, as protesters and analysts point out. Five senior officials in the economic sector resigned last Thursday Disagreement with Minister Paulo Guedes and his policy of increasing “surprising” public spending is a betrayal of his financial legacy.

“I have no authority to interfere in Petropras”

“We’re not going to interfere with the price of anything. It was done in the past and it didn’t work.”Bolsanaro said he expects there to be a new fuel refurbishment soon. The average price of petrol and diesel in Brazil has risen by about 40 percent so far this year., Driven by the rise in oil in the international market and the strong appreciation of the US dollar against the Brazilian reality.

The Brazilian president has said the state-owned oil company Petropras is “bound” by international prices and that his government can do nothing against it. “I have no authority to interfere in Petropras”, He promised.

Contrary to those reports, Paulsonaro appointed Army Reserve General Joachim Silva e Luna as the new president of Petropras last February., Weeks after criticizing the recurrence of fuel prices that still occur today. Plus, he said he had it even a few days ago “Option to privatize” the country’s largest company.

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Bolzano spoke to reporters this Sunday with his Economy Minister Paolo Cuides as they toured a market in Brasilia in a new attempt to give signs of solidarity after the last days of tensions in the markets. The Sao Paulo stock market recorded a weekly decline of 7.3 percent after the resignation of five top officials in the Ministry of Economy.In 2022, Paulsonaro’s re-election will be driven by the government’s decision to change the spending ceiling to provide financial assistance to the poor.

Significant increase in costs

“We do it within the limits of financial liability”Bolzano said. “We regret the situation in which the poor are experiencing difficulties in Brazil. We are not running for the 2022 election, Did not touch on that matter, “the far-right leader defended.

For its part, Guedes Argued that “Reform of cost ceiling is technically correct”. The president has “made a very difficult political decision. If he respects the ceiling, he will starve 17 million families,” said an Orthodox liberal from a Chicago school.

Attempt of the President of Increase the size of Axilio Brazil’s social assistance program to 400 riyals (approximately $ 70) by the end of 2022, The heir to the famous Bolsa Familia, was released last week Images of people looking for food in the trash are growing.

Public spending ceiling 2016 The flag of Brazilian neoliberalism incorporated into the constitution by the government of Michael Demer, Which would prevent the budget from escalating for 20 years beyond inflation, but for the first time said it would seek to “license” Guedes to make Bolsanaro “more reformist and popular” but not “populist.”

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However, Bolzano had to make it clear that “the cost ceiling will not be pierced.”Although a plan has already been sent to Congress. Community plans have not been updated since 2016After the dismissal of Dilma Rousseff, Paulsonaro now wants to provide more than 100 rice for 12 months as part of additional assistance due to the epidemic.

The Axilio Brazil project aims to be a social component for Bolzano to face the former president and opposition leader in next year’s election. Luis Inacio Lula da Silva, World-famous for removing Brazil from the United Nations Food and Agriculture Organization (FAO) hunger map.

The amendment to the constitution sent by the government to Congress from the market and anti-government sectors would allow Bolsonaro to conveniently add other provisions beyond Brazilian assistance, allowing it to change the spending ceiling. His strategy for the campaign for the second time, at a time His popularity has been at an all-time low since he took office in 2019.

Guedes is putting pressure on the Senate to move forward with structural reforms in the process, such as administrative and tax reform, so there is more room in the budget. “Brazil is growing, Brazil is going to grow,” said the head of the economic portfolio. Record unemployment levels above 14 percent, And Inflation exceeds 10 per cent per annum.