control and accounting entities demand fiscal rigor and accounting from lula and states
open letter from CFC and Atricon delivered on Wednesday demands fiscal responsibility, planning and legal certainty.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM O ANTAGONISTA · 2 MIN
according to the antagonist, the federal accounting council and the entity that represents the councilors of the audit courts demanded greater control of public resources from the federal government and the states. The charge occurred through an open letter published last Wednesday, 4.
According to the publication, the entities delivered the proposal to create a joint agenda for Brazil directly to President Luiz Inácio Lula da Silva and the governors. The document argues that "fiscal balance does not just depend on cutting expenses as much as possible or increasing revenue", according to the data collected.
The initiative bears the signatures of Edilson de Sousa Silva, director of Atricon, and Joaquim de Alencar Bezerra Filho, representative of the CFC, and defends planning, allocation and continuous evaluation to seek balance in public accounts. Furthermore, the text proposes synergy in government financial inspections, in addition to the adoption of accounting guidelines aimed at the public sector in line with IPSAS standards.
Still according to the antagonist, the letter mentions the need for simplification, tax reduction and legal certainty within the context of tax reform. the accounting authority covers more than half a million experts in the field, while atricon brings together members of 33 audit courts, demonstrating the capillarity of charging through continuous technical partnerships with governments.
What changes for the investor
institutional pressure for fiscal discipline, planning and legal security in the allocation of public resources has a direct impact on the risk perception of economic agents. For those operating in the financial markets, the requirement to control expenses and more transparent accounting standards affects macroeconomic predictability, risk appetite in local assets and the pricing of futures contracts on the stock exchange, in the exchange rate and in the interest curve.
Automatically translated from Portuguese.
