Sunday
December 21, 2014
Saturday, August 30, 2014

Marina’s presidential proposals

BRASILIA — Marina Silva unveiled her campaign platform for Brazil’s October 5 presidential election yesterday, boosted by government data that showed the economy had fallen into a recession in the first half of this year.

Following are her main policy proposals aimed at restoring business confidence and investment in Brazil and putting the country on a path to sustainable growth:

Economy

Return to the basic tripod of policies that gave Brazil financial stability a decade and a half ago: fiscal discipline, inflation targeting and a floating exchange rate, ending Central Bank intervention that has overvalued the real currency.

The inflation target remains 4.5 percent. Fiscal savings should be enough to control inflation but will be achieved without contingency measures. End “creative” accountancy to square government accounts.

Central Bank autonomy must be established in a law that lays down the rules on how board members are chosen and removed.

Create an independent Fiscal Responsibility Council to oversee government accounts.

Taxes

No increases. Lower Brazil’s heavy tax burden and simplify the complex tax system, especially for companies, reducing indirect taxes that hit revenues. Abolish taxes on investment. Speed up the return of export tax credits. Reform inter-state taxes.

Energy

Expand the role of electricity in Brazil’s energy matrix. Increase the use of renewable sources of energy, especially solar, wind, biomass, geothermal and second-generation biofuels. Reduce the consumption of fossil fuels. Silva held up environmental licences for hydroelectric dams while serving as a minister a decade ago, but she now says they are a fundamental source of energy for Brazil.

Transport

Deepen the state’s reliance on partnerships with private companies and concessions to build infrastructure needed to remove logistical bottlenecks at ports and airports. More focus on railways and river transport.

Industry

Less protection for Brazilian industry’s domestic market to spur higher productivity and innovation. Tax breaks aimed at raising production rather than consumption.

Foreign policy

Adopt a positive agenda to revitalize relations with the United States, including expanded Brazil-US trade.

Trade

Negotiate trade agreements with the world’s large economic groups, such as the European Union and the United States, with or without the South American trade bloc Mercosur. Push Mercosur to draw closer to the Pacific trade bloc. Foster competition with foreign companies to make Brazilian firms more efficient.

Agriculture

Expand agricultural production through increases in productivity instead of advancing into the rainforest. Streamline four ministries dealing with agricultural matters. Promote low-carbon agriculture.

Herald with Reuters

  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable






22
  • Increase font size Decrease font size
  • mail
  • Print




Grupo ámbito    ámbito financiero    ambito.com    Docsalud     Premium        El Ciudadano    El Tribuno    Management

Director: Orlando Mario Vignatti - Edition No. 4347 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA