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Source: Disclosure / USP Images
The Ministry of Economy has given the green light for the Contribution to Intervention in the Economic Domain (Cide) to be increased by R $ 0.20 per liter for gasoline, from R $ 0.10 to R $ 0.30 with a charge for liter. and fuel imports are taxed at 15%. The decisions were made the night of this Thursday the 30th. The expectation is that the announcement of the decision will be made this Friday the 1st., and, if President Jair Bolsonaro approves it, that the measures be published in the Official Federal Gazette by next Monday 4.
The information was disclosed by Arnaldo Jardim (Cidadania-SP) by the deputy and president of the Parliamentary Front for the Valorization of the Sugar Energy Sector. As advanced by the Channel Early this Thursday afternoon, secretaries of the Ministry of Economy met to define the aid actions that would be offered to the ethanol sector. The deputy followed the discussions at a distance and confirmed the decision made by the Ministry of Economy.
Jardim said he was satisfied with the partial result of the decisions, since it will be possible for the sector to have “encouragement”. “We had asked Cide to close at R $ 0.40 per liter of gasoline, but I am satisfied with the increase of R $ 0.20. The Ministry of Economy decided not to grant the PIS / Cofins exemption because it understood that this would be opened for many other sectors to request the same. It would be detrimental to the collection. On the other hand, we managed to tax gasoline imports, ”he said.
The creation of a credit line for the storage of ethanol is still under discussion. The deputy confirmed that the guarantee bond sale system is still present in the debates among the technicians of the Economy portfolio. The developing idea is that a consortium of public and private banks is responsible for loans to the sector.
Initially, the idea was to generate funds for the Treasury for this purpose, based on the highest collection obtained with the approval of the increase in Cide in gasoline. Later, the Economy took the financial debate to the BNDES, but there was no conclusion of the agreements.
The program to support sectors in crisis in the new coronavirus pandemic, which includes the formation of a bank consortium, was presented by the Secretary for Productivity, Employment and Competitiveness, Carlos da Costa, during a press conference at the Palacio from Planalto on Monday. Friday 27. The Ministry of Economy expects to help sectors such as ethanol, electricity and automotive with the use of the banks’ own resources. In the work committees, according to Costa, the representatives of the banks and the government are studying the creation of lines of credit for companies with incomes above R $ 300 million and planning mergers and acquisitions.
