Politics
TCU works in tech, not politics, says Bruno Dantas
It states that the Federal Audit Court is aware of its institutional competence; Earlier, Ciro Nogueira said that the Legislature cannot be an “accessory” of the GTS
the president union court bills, Bruno Dantas, said this Sunday (November 6, 2022) that the court is aware of the limits of its institutional competence. According to Dantas, the GTS operates in “technical and non-political field”. He made the announcement after the Chief Minister of the Civil Chamber, Ciro Nogueirato say that Congress cannot be “subsidiary bodymake gts.
“Minister Ciro Nogueira knows the TCU well and knows how much the court respects the legislature and is jealous of the limitations of its constitutional competence. Our field of activity is technical, not political, Dantas said Poder360.
Previously, Ciro Nogueira criticized the proposal to pay Auxílio Brasil 600 reais in 2023 without the approval of the PEC (proposed constitutional amendment) by the National Congress. The idea was proposed by the president-elect’s transition team, Luis Inacio Lula da Silva (PT).
According to the Minister, using possible approval TCU (Union Audit Chamber) to open an emergency loan, as a temporary measure, the new government will make the legislature “additional organ” Accounts Chamber when it should be the other way around.
Read what Ciro Nogueira said Poder360:
“Public finance technicians understand that in order to open an extraordinary loan in the traditional way provided by the Constitution, in the form of an exception to the spending ceiling, it is necessary to justify urgency and unpredictability. How to do this for current expenses like Auxílio Brasil? They note that the mere fact of a lack of resources does not seem to be sufficient reason to support the issuance of an emergency loan.
“Remembering that emergency loans for emergency assistance were supported by the PEC. The same technicians point out that the PTA, the deliberative body of the Legislature, cannot make the Legislature a subsidiary body of the PTA, as that would be a violation of the Constitution.”
SQUID PLAN
It is expected that the elected vice president and transition coordinator, Geraldo Alkmin (PSB), on Monday (November 7, 2022), introduce the possibilities to Lula. The decision on which path to take will be taken later, after analyzing the political scenario and the reaction of the TCP. For each option, the pros and cons are analyzed.
On the one hand, PEC can be used “on the party” politicians to increase spending beyond Lula’s proposals.
On the other hand, there are doubts as to whether the interim measure would comply with fiscal rules in addition to allowing ceilings to be exceeded, such as the golden rule (which forbids the government from borrowing to cover operating expenses) and the primary outcome of the target identified in the proposal. budget as deficit in the amount of 64 billion reais.
If the variant is for MP, the estimate is such that Lula will be legally vulnerabledepending on the interpretation of the law and a possible agreement with the top STF (Supreme Federal Court). This would make the new government less dependent on the Speaker of the House. Arthur Lyra (PP-AL).
PROMISE COST
The government’s elected transition team estimates that it will need at least BRL 85 billion beyond the spending ceiling in 2023. The amount will be a payment of 600 reais to Auxílio Brasil with a bonus of 150 reais for each child under the age of 6 and to fulfill the constitutional minimum investment in health.
According to the deputy Enio Verri (PT-PR), 175 billion reais will be required to pay for next year’s support with an additional amount per child, but only 105 billion reais are provided in the budget sent by the current government. . According to the congressman, they will still need 15 billion reais to reach the legal minimum in health care.
Politics
The dollar continues to reflect the political scenario
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!!
Politics
Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.
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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Politics
The EU has reached a political agreement on limiting gas prices – 19.12.2022
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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