After announcing a public investment plan for the recovery of the economy, President Jair Bolsonaro indicated that he continues to support the liberal policies of his Minister of Economy, Paulo Guedes.
At the entrance to the Palácio da Alvorada, where he greeted a group of voters, the president said he plans to prioritize private investment in stimulating economic activity, affected by the coronavirus pandemic.
"Minister Paulo Guedes participated and will participate next week," he said. "A good policy is with private investment. This is my line, I learned quickly from Paulo Guedes", he added.
The president signaled that he must preserve the spending ceiling even during the coronavirus pandemic, but said he did not rule out a relaxation of the fiscal adjustment policy, one of the main banners of the economist's management.
Despite the nod to Guedes, Bolsonaro praised the Pro-Brasil program, a set of measures that have as a pivot the resumption of public investment for job creation. The measure was rejected by Guedes, who has so far impressed the government with an agenda focused on private investment.
"The proposal was presented to everyone today. It is the first moment—a plan to recover jobs and remove the country from inertia. My government must anticipate problems," he said.
Translated by Kiratiana Freelon