“I have to, I don’t deny it. I’ll pay it off as soon as I can,” said Guedes

Guedes said only debts over R $ 450,000 will be paid in installments for up to 10 years. Photo: Washington Costa / Ascom / ME

Economy Minister Paulo Guedes said on Tuesday (3) that the federal government’s proposal for the installment of debts recognized by the courts is not a form of default. According to him, only debts greater than R $ 450,000 will be paid for up to 10 years. “I have to, I don’t deny it. I will pay as soon as I can, ”Guedes said at an event organized by the Brazilian Institute of Education, Development and Research (IDP) and Poder 360. The issue has been discussed within the government, but has not yet been formalized. The measure would open up 40 billion reais in next year’s budget, an amount that could be used to finance the new Bolsa Família.

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