This Wednesday (13), the president of the Chamber of Deputies, Hugo Motta, published in his social networks about the importance of the provisional measure of the federal government that provides a credit line of $ 30 billion amid the ‘tariff’ of 50% imposed on Brazil.
In the post, he stressed that he recognizes the importance of the measure to protect the productive sectors in the face of exceptional rates imposed on Brazil:
“There are causes that should transcend party or ideological preferences. Here in Parliament, we are partners in Brazil. We respond to the situation promptly with the approval of the economic reciprocity law. Our commitment to solutions that protect companies, workers and consumers will remain unshakable. Brazil cannot stop.”
The executive secretary of the Ministry of Finance, Dário Durigan, said that the exporters’ relief plan announced by the federal government could lead to non-compliance with this year’s primary result, which will require approval by the National Congress. The day before (12), Finance Minister Fernando Haddad had already said that the measures would be funded by extraordinary credit – outside the tax worn limit – but still included in the tax target calculation.
Because it is a provisional measure, the text enters into force immediately, but needs to be voted by Congress within 120 days to continue valid.
Among the actions provided for in the MP are the creation of a low interest line of credit, the increase in government purchases of perishable products that would be exported to the United States, the postponement of taxes and the reformulation of the Export Guarantee Fund (FGE). All measures still need parliamentarians endorsement.
