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TEMER ANNOUNCES MEASURES TO BOOST BRAZILIAN ECONOMY

Date:15/12/2016 By: Website: Government policy of Brazil

O presidente Michel Temer

Joined by ministers and members of congress, President Temer presented ten proposals to reverse the country's current recessionary context and generate jobs.

President Michel Temer announced ten measures this Thursday (15) to reverse the country's recessionary trend, create jobs and help the economy grow again. The proposals aim to reduce bureaucracy, increase productivity and generate direct benefits for the general population.

The measures announced were drawn up by the ministries of Finance and Social Security under the supervision of the president. Among the proposals announced are measures that will make it simpler and less bureaucratic for companies to pay taxes and labour/social security contributions, improving the overall business environment of the country.

In the announcement, Temer said that the difficulties encountered by the government are being "gradually” overcome. “We will continue to preach the reunification and pacification of the country. I think that the ethos of growth, productivity and cutting red tape is very relevant to this topic," said the president.

Credit

Some of the proposals also include measures aimed at better access to credit and job creation in the real estate sector. The retail sector was also contemplated; one of the initiatives aims to increase competitiveness for credit card payments, allowing business to charge differently depending on the form of payment.

Another announcement made by the president has to do with the regularisation of tax debts by individuals and companies. The measure covers debts due by November 30, 2016.

FGTS

Aiming to decrease costs for entrepreneurs, the government will also gradually reduce the 10% fine charged on deposits made to the Guarantee Fund for Time of Service (FGTS) in case of dismissal without cause of employees. The initiative would have the fine decreased by 1 percentage point every year.

“These proposals (...) are aimed at boosting the Brazilian economy at this moment in which we are focusing on growth," Temer said. The president was joined in the announcement by the Ministers of Finance, Henrique Meirelles; Planning, Dyogo Oliveira; and the Presidential Chief of Staff, Eliseu Padilha; in addition to the presidents of the Chamber of Deputies, Rodrigo Maia (DEM-RJ) and of the Senate, Renan Calheiros (PMDB-AL).


Website: http://www.brazilgovnews.gov.br/news