“Anyone who says that partial precatory is default, doesn’t know anything”, says Guedes

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The federal government is discussing the possibility of parceling out nearly 90 billion reais in court orders provided for in the 2022 Budget. There is a great debate about whether the movement could end up in court, as it is considered the non-payment of debts. For the Minister of Economy, Paulo Guedes, the division of payments is possible.

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“Anyone who says that paying in installments is a default, they don’t know anything,” said the minister this Tuesday, 14, during MacroDay 2021, an event held by BTG Pactual bank (from the same group that controls EXAME).

In Guedes’ view, installment payment is necessary in order not to exceed the spending ceiling. “Those who say they can remove the precatory from the roof, can’t do it either. The roof is a symbol of austerity. It needs to stay there to be a sign that the Executive is not going to go overboard,” he said.