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Paulo Guedes Confirms Start-Up of Secretariat for Privatizations

The primary purpose of the future ministry is to accelerate the program of the sale of Brazilian assets as a way to try to improve the fiscal health of the country

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The future economy minister, Paulo Guedes, confirmed on Tuesday that there will be a Privatization Office under President-elect Jair Bolsonaro, without giving more details, as anticipated the day before by Reuters.

On Monday, a source familiar with the matter said the new secretariat aims to accelerate the program of selling Brazilian assets as a way to try to improve the country’s fiscal health.

Asked about the command of the Bank of Brazil, Guedes stated that still, no name closed. Regarding the possible increase in the taxes or the creation of new taxes, it also denied measures to this effect in the next government.