FERNANDO HADDAD: IMPOSTOS, JUROS, ELEIÇÕES E OS PLANOS PARA 2026 | Market Makers #364

Summary

Former Finance Minister Fernando Haddad defends his economic record, blames the market's bias against PT for negative perception, and argues that fiscal adjustments have been made but high interest rates hinder growth. He also discusses his candidacy for São Paulo governor and criticizes the current state government.

• Haddad states that the market's criticism of PT is politically motivated and ignores the R$200 billion inherited expense from the previous government.
• He acknowledges the 'Haddad Day' announcement was a communication failure but defends the fiscal neutrality of the income tax reform.
• He criticizes the central bank for keeping real interest rates excessively high (9-10%) and argues that the Selic could have been cut more.
• Haddad believes Brazil is geopolitically well-positioned for a long investment cycle if fiscal reforms continue.
• He defends the fiscal framework and argues the government has delivered growth, low unemployment, and controlled inflation.
• Haddad is critical of the Tarcísio administration in São Paulo, citing deterioration in security, education, and finances.
• He opposes the privatization of Sabesp and funeral services, arguing for case-by-case analysis rather than dogma.
• Haddad sees a positive long-term future for Brazil driven by educational expansion and social inclusion.