Fonteles promises data-based planning and reinforces fiscal balance discourse in Piauí
Re-elected governor of Piauí, Rafael Fonteles sets up a team focused on indicators, while his name circulates to the Federal Treasury.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM O ANTAGONISTA · 2 MIN
The governor of Piauí, Rafael Fonteles (PT), was re-elected and began forming the secretariat for the second term with a message on how to govern. According to O Antagonista, he defends planning made with “data, evidence, indicators and results”.
Fonteles announced in X the reappointment of Washington Bonfim to the Planning Secretariat. At the Farm, he will keep Emílio Joaquim Júnior. When communicating the choice, he wrote “Long live the Fiscal Balance!!”, according to the same publication.
In the same announcement, the governor cited the state's territorial structure: 4 macro-regions, 12 development territories and 28 micro-regions. Among the state planning initiatives, he listed OPA, dadosPI, MGE, GIP, CIET, MOFMP and the Pact for the Economy.
Fonteles' name also appears on another front. According to O Antagonista, he is tipped for the Ministry of Finance in Lula's 4th term. The investigation does not contain fiscal targets or state revenue and expenditure figures, which leaves the discourse of fiscal responsibility without a public parameter to be measured.
In the same debate, economist André Lara Resende, one of the formulators of the Real and Cruzado Plans, proposed reducing interest rates without fiscal adjustment. Finance Minister Dario Durigan denied that the Lula government was interested in the proposal. Sergio Gabrielli, Gleisi Hoffmann and Lindbergh Farias, all from PT, were enthusiastic about the idea.
What changes for the investor
For those who invest and operate, the central point is the tension between two agendas: spending containment, which Fonteles himself associates with fiscal balance, and lower interest rates without adjustment, which the Finance Minister rejected. If Fonteles' name advances to command federal economic policy, the market will tend to carefully observe signs about fiscal targets, risk premiums in interest curves and the trajectory of the dollar. For now, these are quotations and statements, with no decision made, and the prudent recommendation is to monitor the formation of the team and the goals that the federal government actually publishes.
Automatically translated from Portuguese.
