BRASILIA (Reuters) - Brazil’s Economy Ministry is considering launching a website that will detail the steps it has taken and will take to reform the economy, sources told Reuters, in an effort to increase transparency and combat criticism it has not done enough to boost weak growth.
With lawmakers this week finally voting on the government’s first major economic reform policy, to overhaul the country’s pension system, attention in Brasilia is turning to what measures will be prioritized in the second half of the year.
Among the key areas will be tax reform and a new “federative pact” governing federal and regional budgets, as well as how to deliver what Economy Minister Paulo Guedes says will be “a cheap energy shock” for Brazil.
On Monday, Guedes and senior Economy Ministry officials had an informal dinner with central bank President Roberto Campos Neto to discuss the post-pension reform economic and reform landscape.
On Thursday, Guedes and Economy Ministry secretaries will meet to further flesh out ideas, sources said.
“We have a series of measures to be announced in the second half of the year, some that will go to Congress and some that will come via the Executive,” Waldery Rodrigues, special secretary to the Economy Ministry, said this week.
The idea of a website outlining the Economy Ministry’s agenda and policy priorities mirrors the central bank’s “BC+ Agenda,” which has been rebranded “BC#” since Campos Neto was confirmed as central bank president in March.
Brazil’s economy, after contracting in the first quarter, may have tipped into recession in the second quarter. The central bank recently slashed its 2019 growth forecast to 0.8% from 2.0%, and Rodrigues this week said the government will likely cut its outlook to 0.8-1.2% from 1.6% currently.
Reporting by Jamie McGeever and Marcela Ayres; Editing by Leslie Adler