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Mostrando postagens com marcador economic. Mostrar todas as postagens
Mostrando postagens com marcador economic. Mostrar todas as postagens

Shareholder X housewife

Lula warns that he will change Petrobras' pricing policy and that he cannot enrich shareholder and impoverish housewife

WHY THE REAL VALUE IS MUCH?

      
1. This everyone knows. The attractiveness of the Brazilian interest rates creates a purely speculativecapital flows. Two weeks ago, analysis showedthat even part of the direct investments were only supposed to cover production for the simple application of short-term financial market.
         
2. Everyone knows that if those flows come with the exchange rate at a level and then return with alower exchange, they earn their times: the interestand the exchange difference.
         
3. The solution we all know: to reduce the interest rate. Obvious! But why should the government do this? Elementary. For two reasons. a) a hugecurrent account deficit in balance of payments, which will this year to some $ 60 billion, projects ascenario of uncertainty in the case of a reflection of speculative capital. b) The use of the exchange as a means of controlling inflation through imports.
         
4. But how could we resolve this dilemma?Elementary. With the federal government produceda strong fiscal surplus and neutralizing those twotendencies in the event of falling interest rates.Why did not he? Simple answer. For fiscal populism.
         
5. This goes for comfort by creating a bubble thatis growing very ... Well .., it is expected that from happening.
Cesar Maia

Structural economic change

Measures stimulating the long-term credit announced by the Ministry of Finance and constitute a structural change in both our economy - a more taken by the Lula government, along with many others adopted since its inception in 2003.

Among many, and a quick overview that occurs to me, that this government ends in exactly 15 days is responsible, among others, by changes in the Corporate Recovery Act, the laws of the property market, the approval of Positive Credit ( which facilitates access to funding of good payers), the reform of the Council for Economic Defense (CADE) and the institution of the payroll credit.

How do you see are all measures which has guaranteed the financing of the economy and institutional security, throwing in the garbage dumps of the past and it always resulted in a north: the maintenance of economic growth, generating more than 14 million jobs during 2003 -2010, increased income, social inclusion, finally, the development of the country.

Reduction of taxation on capital market

The package announced today brings a reduction in taxes on the capital market, through the review of the new division of taxes to increase the liquidity (available resources) enabling the development of the secondary market (buying and selling between companies and people) of government securities and Private.

Another measure is directed to the financing of infrastructure, is the exemption of income tax due on the bonds issued by Special Purpose Companies (SPCs) for projects in the sector.

By current standards, individuals who pay 15% to 22.5% in these applications, will be exempted from the acquisition of the debentures. The companies, which currently pays the rates of Income Tax of Legal Persons (PIT) and
Social Contribution on Net Profits (CSL) will be taxed at 15%.

The Finance Ministry also announced the direction of three percentage points from the compulsory deposits (which are retained in the Central Bank) on time deposits, to create a fund to increase liquidity in the secondary market for private securities. The government said there may be additional contributions by the BNDES.

Another measure is the regulation by the Securities Commission (CVM), the public offering of call letters
financial instruments for banks' funding over longer periods. "We had already taken out of the mandatory Financial Letters. CVM will now regulate the public offering, so that the letters make more financial scale. This is
a long-term funding for financial institutions, "said Finance Minister Guido Mantega.

The first measures the government Dilma Rousseff

All support to the series of economic measures that the Lula government, through the current and future finance minister, Guido Mantega, announced to encourage long-term loans and finance companies in the country, its development and financial modernization. In practice, and even announced in the Lula administration, these measures constitute the first area of the economy to be implemented early in his administration Rousseff in two weeks.
"The goal - explained the Minister - is to facilitate long-term credit, always scarce in the country. In the past, made no difference, because there were few projects financed by. The term was in the past five years to eight years. But with the development cycle that we have deployed in recent years has increased the need to finance long term projects. "
Already today, recognized the owner of the farm, there is greater demand for projects and, therefore, there is also a greater need for funding. "Today, there are projects that require funding of 20, 25 or 30 years. We want to enter a new phase, so that the private sector also may finance, sharing this task with BNDES," he explained. The Treasury Department classifies as a major stimulus package already established to encourage the increased terms of private debt in the country.
It is now lower interest rates
 
These initiatives have every reason to work and can work as long as interest rates fall, so that the long-term investments become more profitable than bonds. The Monetary Policy Committee (COPOM) of the Central Bank (BC), may well take its first meeting of new year - also the 1st of the new government - in the second half of January to overturn the Selic rate (10.75% today ).
The announced measures, containment of budget expenditures costing - not investment - which will be set at the beginning of the year and a decline in interest rates are the three ingredients necessary for us to have a peaceful and successful start of government, continuity the Lula administration, which during its eight years, economic growth, employment, income and social inclusion of our population.
Moreover, as stressed in the event of the magazine "Isto" in Sao Paulo yesterday, the president assumes that on June 1, Rousseff, to predict that Brazil will maintain economic growth in coming years. "I believe in Brazil, I think this is our moment, this will undoubtedly be our decade," he said. At the ceremony, Dilma thanked his election to the "millions who have realized that it is possible to transform Brazil, making it a great middle class country."