The Minister of Economy, Paulo Guedes, stated that the president’s decision Jair Bolsonaro dismissing Petrobras President Roberto Castello Branco had a “bad” effect from an economic point of view, although he said that it was “politically understandable”, in comments made two weeks after the decision by the Chief Executive to remove his ally command of the state oil company.
“It is politically understandable an attitude, from an economic point of view, the effect was bad. That was our internal conversation, the president knows what I think, I know what he thinks,” he said in an interview on Tuesday. at night to the program Pingo nos Is, of the radio Prime Time Zone.
For Guedes, the president gave truck drivers “political satisfaction” – a public that he said was “typical voters” and “loyal” to Bolsonaro – by removing the “guy who says he doesn’t care about you” at a time when the diesel price, at the same time that it determined the withdrawal of all federal taxes on the input.
According to the minister, the government is trying to equalize taxes “as aseptically as possible” and “with fiscal responsibility” – other taxes had to be raised to compensate for the estimated revenue loss of R $ 3.6 billion with the reduction of PIS-Cofins for diesel and cooking gas.
The minister pointed out that the “total load” has not changed, recalling that benefits were withdrawn from the petrochemical sector, limited to tax exemption in the purchase of luxury cars for the disabled and there was also a change in the CSLL. In the interview, he did not mention by name that there was an increase in the CSLL rate charged to financial institutions, a fact that had a negative impact on the markets this Tuesday.
Guedes did a kind of redress to Branco Castle, saying he nominated him to the position of president of Petrobras – even if the state company was not the umbrella of the Economy -, that he is an “excellent economist” and did a “beautiful job” of recovering the company’s finances .
But the minister recalled that the contract for the CEO of Petrobras is expiring and said that the one who appoints the company president is the president of the Executive, with the Board of Directors ratifying the decision or not.
Two weeks ago, after harshly criticizing the state’s fuel price policy amid successive increases, Bolsonaro announced the general Joaquim Silva e Luna for the command of Petrobras in the vacancy of Castello Branco, whose term ends on March 20.
In the interview, Guedes said that “no one” can say that Bolsonaro controlled Petrobras’ fuel prices, not least because Castello Branco increased fuel prices again. It was a reference to the readjustment of 5% of gasoline and 5% in diesel announced on Monday.
The company’s current management justified the readjustments, among other factors, as a measure to align prices with the value of the barrel of oil practiced internationally, which is quoted in dollar.
The minister took advantage of the interview to say that a state-owned company listed on the Stock Exchange – as is the case with Petrobras – is an “anomaly”. “It is neither an armadillo nor a ball,” said the minister, adding that the format does not please either the government or the market because they are two different universes.
The change in command of the Petrobras and changes in the company’s pricing policy, justified by the government to provide greater predictability, had a strong impact on the company’s shares.