fernando haddad, a former presidential candidate for the PT in 2018, was announced as the next finance minister, according to forecasts by the newspapers Folha de Sao Paulo and Estado de Sao Paulo. The information was later confirmed by the next president on Twitter.
Lula had declared that he would only reveal the first names of the cabinet after December 12, but apparently he changed his mind, giving in to the request of allies and the expectations of the market.
Investors and businessmen expressed preferences for an economist with a fiscal and liberal profile, but Lula would have opted for Haddad, with developmentist positions. Haddad belongs to Lula’s courtly circle, and was the only PT leader who accompanied the future president on the trip to the environmental summit in Egypt.
Observers consider that Lula wants to project Haddad to position him as a potential “successor” in the 2026 presidential elections.
Haddad will asmuirá to face one of the main problems of Brazil: inflation. This Friday it was learned that consumer prices in Brazil, measured by the IPCA reference index, rose 0.41% in Novemberless than the 0.53% anticipated by the market.
According to the Brazilian Institute of Geography and Statistics (IBGE), prices rose 5.90% in the 12 months to November, down from 6.47% the previous month. Economists polled by Reuters expected a rise of 6.01%.
Transportation and food and beverage costs were the main driver of the rise, contributing around 71% of the IPCA for November. “This (increase) occurred due to an off-season period for sugarcane production, since gasoline contains anhydrous alcohol in its composition”said the IBGE research manager, Peter Kislanov.
Haddad said Friday that those who fear he will promote an irresponsible fiscal agenda should look at his record, recalling that he was the first mayor to achieve an investment grade rating when he was in charge of the city of São Paulo. “For those who fear a spending minister, look at the degree of investment of the São Paulo City Hall,” Haddad told reporters after his name for the Treasury was publicly confirmed in an announcement by the president-elect. “If you don’t look at the person’s trajectory, you will fall for what the fake news says. Why do we want more fake news?”
Haddad guaranteed that the country’s new fiscal framework, which will replace the current spending ceiling rule, will be defined next year. Other priorities for 2023 will be tax reform and the resumption of international agreements, especially with the European Union.
The future minister also said that he has already polled “many people” to be part of his team, without having made formal invitations yet, and that the objective is to gather a plural group and work in coordination with the Ministry of Planning.
In addition, Lula communicated this Friday in Brasilia, the name of the future chancellor, a responsibility that will fall on the ambassador Mauro Vieiraformer foreign minister in the president’s government Dilma Rousseff and former ambassador in Buenos Aires.
On the other hand, Lula chose as head of Defense Jose Mucio, a conservative politician with whom he has an old friendship and is a good interlocutor with the high command of the Armed Forces.
Source: Ambito
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