‘Everything in its time’ By Estadão Content

by time news

2023-06-15 01:56:30

© Reuters Alckmin says there is no decision on extending the program to automakers: ‘Everything in its time’

The vice-president and minister of Development, Industry, Commerce and Services, Geraldo Alckmin, said this Wednesday, the 14th, that no decision has been taken on a possible expansion or relocation of credits within the automotive program that allowed the granting of discounts sponsored cars, trucks and buses. The balance released today by the folder showed that, of the amount of R$ 1.5 billion in credit made available, R$ 340 million have already been requested by the sector. Of this portion, R$ 150 million will be used for bonuses applied to cars, which have a total subsidy of R$ 500 million.

When questioned, Alckmin declined to discuss the possibility of the government expanding or relocating the credit available for trucks and buses to the light vehicle segment, which registers faster consumption within the program, in force since Tuesday of last week. “It has no decision in that regard,” he replied. Upon the insistence of reporters on the issue, the deputy declared: “everything in its time”. “It’s going very well,” the minister also said about the measure.

Also asked if the government would have a second plan for the automotive industry if interest rates do not fall, Alckmin reaffirmed his confidence that the rate will begin to fall. “The interest rate scenario will improve. What we need to worry about is credit,” said Alckmin, quoting President Luiz Inácio Lula da Silva, who, in a meeting at the Planalto Palace, would have highlighted the issue. “Lula highlighted credit a lot earlier today,” said the minister, who met with the president and the retail sector this morning.

Alckmin spoke to the press after participating in an event held by the National Association of Automotive Vehicle Manufacturers (Anfavea) in Brasília. During his speech at the end of the agenda, he also spoke about the level of real interest rates. “Future interest is already falling, and we are convinced that the Selic rate will fall. I wanted to draw attention because the interest is not stuck at 13.75%, the real interest is rising, because, as inflation falls, we are increasing the real interest rate, but we are sure that the fiscal framework will stabilize the debt and then help to reduce it”, he said.

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