Guedes believes in approving reforms and forecasts 5.4% GDP

Minister of the Economy Paulo Guedes | Photo: Fabio Rodrigues Pozzebom / Agência Brasil

Economy Minister Paulo Guedes believes Congress will approve administrative and fiscal reforms this year. The head of the economic team also predicts a 5.4% increase in gross domestic product (GDP) in 2021.

Guedes believes that administrative reform will be supported by Congress and provides the same for tax reform. “We are moving in this direction, I think that the tax reform will go in the same direction this year”, declared Guedes this Wednesday 1st during the launching of the legislative agenda of the Joint Parliamentary Front for a Competitive Brazil.

The minister also patted the base of government in Parliament. “This is a reformist Congress, we have leaders who provide the parliamentary support that we needed. When we arrived here we did not have structural parliamentary support, from a center-right political coalition,” he said. declared Guedes.

“Now we have an organic coalition on the one hand, imposing amendments, on the other hand, parliamentary action to approve the reforms,” ​​added the Minister of the Economy. His speech comes after last week criticizing Senate President Rodrigo Pacheco (DEM-MG) for putting approval of reforms on the back burner. The minister has been criticized by senators.

The minister also indicated that the Brazilian economy has returned to a “V” after the fall recorded in 2020 and believes that the country will return to a dizzying growth thanks to the support of the Congress for the reforms and programs of the government. “Businessmen have reacted with their business and this year we will grow 5.3%, 5.4%, and we can grow a lot next year,” he said.

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