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| Paulo Roberto Nunes Guedes |
Brazil Minister of Economy
The last Minister of
Development, Industry and Foreign Trade was Marcos Jorge de Lima. He was Minister of Industry, Foreign Trade and Services (MDIC) under Michel Temer . He
also served as executive secretary and chief of staff in the same
Ministry.
Currently the Ministry of Development,
Industry and Foreign Trade is part of the Ministry of the Economy. The minister
of Economic oversees the activities in the Minister of Development, Industry
and Foreign Trade.
Paulo Roberto Nunes Guedes GCRB · GOMM is the
current Minister of Economy of Brazil, Born in Rio de Janeiro , August 24 , 1949.
He has a Master and doctor from the University of Chicago, and
he was a professor at PUC-Rio and Fundação Getúlio Vargas (FGV). He is one of the
founders of Banco Pactual and
several investment funds and companies. He was one of the founders of Ibmec , created
to be a research institute on the financial market.
Guedes was
announced by then President-elect Jair Bolsonaro as head of the Ministry of
Economy, which was created by merging the minist As
minister, he proposed the restructuring of the economic area with two main
bodies, the Ministry of Economy and the Central Bank ,
formally and politically independent.
Generally regarded as an ultraliberal in the economic field, Guedes
has been an advocate for the privatization of
Brazilian state companies, tax reform and pension reform.
As for the pension reform, Guedes defended the change of the
current system of distribution (regime in which the payment of retirees is made
by active workers) by the model of individual capitalization accounts (where
each worker contributes during his life to support his own social security
benefit. ). The original text of the Reformation foresaw the change, however
the agenda was overturned by the parliamentarians during the process of the
project in the Chamber.
The minister's support for the new capitalization system was
criticized by the press. According to some market analysts, this proposal for a
radical pension reform was suspect, as it spoke of capitalization without
making it clear how this transition would be made. According to an analyst at a
risk consultancy, "Guedes says he would pay the cost of privatization, but
the privatization process is long, so that is not clear."
As for the "broad privatization program" that appears in
Bolsonaro's government plan, which does not specify how many or which of the
147 companies in the Union would be sold, there is also suspicion. The
objective would be to use all the resources obtained from privatizations to pay
for public debt.
The tax reform plan drafted by Guedes, however, provides for the
simplification and unification of federal taxes and the decentralization and
municipalization of taxes. The economist even stated that he intended to
recreate a tax along the lines of the CPMF , which did
not please the market: the idea was to replace PIS , COFINS , IPI , IOF and others - which, together, represent 30 to 40
percent of the cost of industrialized products - by a single tax of
approximately 0.5% applied to financial transactions.
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