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"If we can recover productivity, we can grow 4% per year," said Da Costa

Economic growth

The declaration took place during the event for more than 300 national and international investors in São Paulo

Reform of Social Security, improvements in the national regulatory environment, productivity of Brazilian companies and employability. These were the highlights of the speech by the Special Secretary for Productivity, Employment and Competitiveness, Carlos Da Costa, and the National Treasury Secretary, Mansueto Almeida, during the 3rd Investment Leaders Forum, promoted by BTG Pactual, on Thursday (27/6 ), in Sao Paulo.

Da Costa reinforced the importance of Nova Previdência for the recovery of the confidence of the Brazilian businessman, for the generation of new investments and consequent generation of employment. According to the special secretary, "if we can recover our productivity, we can grow 4% a year. We also need to provide an adequate regulatory environment for new investments, as well as legal security for the business community," he said.

Carlos Da Costa presented plans by the Ministry of Economy to increase productivity and market competitiveness and highlighted Simplifica - a set of measures to unlock the business environment, improving on regulatory frameworks of productive sectors, for example - as one of the actions that has been worked on by the federal government.

Mansueto defended the reduction of public spending and the fiscal balance, with structural reforms that allow the reduction of primary expenditure. The secretary also cited Nova Previdência, its impact on GDP and stated that "if we can move forward on the right reforms we can enter a long-term sustainable path, including maintaining low interest rates, growth and even a wage increase."