Politics
Part of the budget is also a political step that forces the powers to engage in dialogue.
This Tuesday, the federal government sent the 2022 Annual Budget Bill (31) to the National Congress, which sets the Union’s budget for next year and estimates the executive’s revenues and expenditures. Beyond the budget, the country has followed important economic debates that directly affect the political scenario, as economic and political analysts point out at CNN Raquel Landim, Thais Arbex and Cayo Junqueira.
As for the budget, there are discussions about preliminary conditions, the possibility of opening the budget for the launch of the new Bolsa Família, and politicians are beginning to realize that there will be no other solution but to postpone the provision of emergency assistance. According to analyst Thais Arbex, these scenarios are closely related, and the next problem is what to do with the 20 million Brazilians who will lose emergency aid in October and reformulating the Bolsa Família will not be enough.
Although analyst Raquel Landim argues that Minister Paulo Gedes and the economics group do not have the necessary political power to support the budget line and that they will not have the political power to support these figures; Cayo Junqueira believes that the budget line is a message that the executive has sent to the judiciary and legislature.
Thus, according to Cayo Junqueira, it is already possible to see how political figures are moving to see how they can get around the issue of preliminary status, open up space and get resources for the electoral policy of 2022.
It is Rodrigo Pacheco (DEM-MG) who is in the dialogue about the budget, and the executive branch deliberately made a fiction to force the two powers to sit down and talk.
The budget is also a political move, adds analyst Thais Arbeks, who echoes the absence of (non-partisan) President Jair Bolsonaro amid discussions over the water crisis, budget and aid. For the moment, Bolsonaro is focused on trying to attract an institutional crisis to get people to rally.
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(Written by Anna Gabriela Costa)
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Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!
Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.
Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.
The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
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The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.
Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.
No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.
Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.
Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.
The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.
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The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .
The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.
Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.
The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.
Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.
“This is a victory for Italian and European citizens who demand energy security,” he added.
Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.
However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).
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