Yesterday, the minister Fernando Haddad presented the new tax framework which will replace the current spending ceiling. Now that he has won the endorsement of the Planalto, those of Congress and the business community are missing.
Haddad has a series of meetings with representatives of the market and the productive sector scheduled for this Friday. And you don’t need a crystal ball to know that the fiscal framework will be on the agenda. In addition to being the subject of the moment, the minister also pointed out in his presentation that the government wants to recompose the taxation of “more affluent sectors”, in addition to sectors that are not currently taxed.
Among the meetings are Mário Leão, president of the Santander Brazil; Carlos Andre, President of Anbima; Max Xavier, president of Enel; Josué Gomes da Silva, president of the Fiesp; José Márcio Camargo, chief economist at Genial Investimentos; and Rodrigo Luna, president of Secovi-SP.
already the president Luiz Inacio Lula da Silva continues to ship from Palácio da Alvorada, his official residence, while he recovers from pneumonia. Yesterday, Lula made his first public appearances since his diagnosis last week.
- Join Money Times Telegram!
Access the news that enriches your day in real time, from the economic and investment markets to relevant topics in Brazil and the world. Click here and take part!
Check Lula’s schedule for this Friday (31)
| Time | Schedule | Local |
| 09h | Meeting with the Minister of the General Secretariat, Márcio Macêdo, and Minister of the Institutional Relations Secretariat, Alexandre Padilha | Alvorada Palace |
| 10:30 am | Meeting with the Attorney General of the Union, Jorge Messias | Alvorada Palace |
| 3pm | Meeting with the Minister of Civil Affairs, Rui Costa | Alvorada Palace |
Economy
To end the week, the Price Index for Personal Consumption Expenditures (PCE), the preferred inflationary indicator of the Federal Reserve. Last week, the US central bank raised the interest rate fees by 0.25 percentage points justifying that the inflation it was still too high.
Check the economic agenda for this Friday (31)
| Time | Country | Indicator |
| 5:30 am | UK | GDP 4Q22 |
| 06h | euro zone | Consumer price index (March) |
| 06h | euro zone | Unemployment rate |
| 08h | Mexico | Unemployment rate |
| 09h | Brazil | Unemployment rate/Continuous PNAD |
| 09:30 am | USA | PCE (February) |
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
