By Daniel Christian Henrique
Now it's official: IR with a higher exemption range
At the end of August, the provisional measure was approved and sanctioned, expanding the income tax exemption range. So now it's official: anyone who receives up to R$ 2,112.00 will be exempt from paying IR. The complete table has the following taxes by income bracket (E-Investor):
Calculation Base (R$) | Aliquot | Portion to be deducted from IR (R$) |
Up to 2,112.00 | free | free |
From 2,112.01 to 2,826.65 | 7.50% | 158.4 |
From 2,826.66 to 3,751.05 | 15% | 370.4 |
From 3,751.06 to 4,664.68 | 22.50% | 651.73 |
Above 4,664.68 | 27.50% | 884.96 |
Ibov felt like a roller coaster
In July, Ibov reached its highest level in the last two years, reaching close to 123,000 points at the end of the month. Considering the last four months, it was an increase of almost 20%. But August came and the fall began, and it was for real, reaching 13 consecutive trading sessions of lows, breaking a long-standing record: the biggest low since the 1980s. (Money Times, Terra (a), Terra (b) , Your money).
Minimum Wage above inflation
The same MP referring to the IR adjustment also approved the adjustment with real appreciation of the minimum wage, now calculated using the INPC (National Consumer Price Index) added to the positive variation in GDP over the last two years. The main intention is to not let the population's base salary be eroded by inflation and, if possible, increase it in response to possible GDP growth (State of Minas).
Gasoline rose, ethanol fell: left for the calculator
With the increase scheduled for July on fuels, there was an increase in gasoline prices of 3.25% in July. Entering August, there was a 16.3% increase in the price of gasoline passed on to refineries, closing the month at an average of R$5.82 - equivalent to an increase of 2% compared to July. Ethanol ended August down 4% compared to the previous month, at R$3.76. Therefore, just calculating to know where it was more worth exchanging gasoline for ethanol, being more advantageous in the states of Paraná, Amazonas, Minas Gerais, Rio de Janeiro, São Paulo, Mato Grosso, Mato Grosso do Sul, Goiás and the Federal District ( UOL, BOL )
Anyway, Selic reduced 0.5 pp .
After immense political and even market pressure, at the meeting in early August the Copom reduced the economy's basic interest rate to 13.25%, that is, 0.5 pp . love us. They considered that there was an improvement in the country's inflation situation, mainly arising from the lagged impacts of monetary policies (BCB, E-Investidor). With the optimism that took hold, people began to project a new wave of Selic reduction (how much optimism, right?!) until the end of the year and consequent projections of more optimistic scenarios for investments in variable income, migrating from fixed income (BCB , E-Investor).
High, exorbitant or clueless fee?
Everyone knows: using your credit card and not paying for a short period of time is enough to lose control of your finances. It is the highest rate on the market. And only in July, there was an increase of 8.7 points, going from the "modest" 437% per year to 445.7% (Correio do Brasil).
Meanwhile, at the free credit rate...
This fell: 0.3 percentage points, from 44.6% to 44.3% per year in July. But it remains high. The fall followed the trail of the reduction in the Selic rate . But guess what? The banks' funding rate (the rate they pay to those who invest their money there) also fell, reaching 11.3% per year in July (Gazeta de S. Paulo) - supported by the reduction in the Selic rate itself. Therefore, banking spread (bank profits) still sends greetings!
IGP-M keeps pace: continues deflation
The drop in the IGP-M index had already come as an aggregate, and maintained its pace in July, dropping -0.72%, as well as August, with -0.14%. Despite the drop in decline, it was enough to renew the deflation record in its historical series (FGV, Forbes).
Unemployment maintains its pace: continues to fall
At the end of July, IBGE's Continuous PNAD released the unemployment rate for the second quarter: it closed at 8% in the period, the lowest since August 2014 and a return of 0.8% compared to the first quarter. Thus, at the end of the second quarter, the country had 8.6 million unemployed people = 1.4 million fewer compared to last year and 785 thousand fewer compared to the first quarter. It is important to note: the growth in employability occurred in segments without a formal contract (B3, UOL). The PNAD for the month of August has not yet been released.
Brazil surfing the ratings
In June, S&P had already improved its outlook on Brazil's rating from stable to positive. In July it was the turn of the Ficht rating , moving Brazil's credit rating from BB- to BB, indicating greater stability. The main argument was the balance that the country managed to achieve in its economy despite all the external turbulence, due to its diversification and size, as well as the advancement of previously unexpected fiscal adjustments and reforms that had been going on for decades (Exame, GPFA) . August came and another news: Fitch raises the ratings of 12 public and private banks in Brazil ( Infomoney ).
Shoo pandemic: tourism on the rise
Two years of "molding" indoors during the pandemic encouraged the population to travel after the end of the global health crisis. At the end of July, the CNC released the results of the tourism sector's growth in May: revenue of R$36.1 billion, an increase of 8.6% compared to April. This was the highest revenue for the month of May since 2014 (Agência Brasil).
Unrolls, doesn't get tangled up and catches
Febraban 's latest August update , the federal government's Desenrola Brasil program has already renegotiated approximately 1.5 million contracts through the banking network, reaching R$9.5 billion in renegotiations in Band 2 alone. 1.1 million people (Diário do Nordeste).
Exports and Trade Balance: is there another record?
And now it is not a record compared to other periods, it is the highest in the entire historical series. July ended with a surplus of US$9.035 billion, the best value ever recorded for the month. According to the table, the amount accumulated in the first seven months also destroys its previous record, accounting for US$ 54.1 billion - the highest since 1989 (Agência Brasil (b)). And exports were fundamental, of course. Despite a general drop in the prices of exported products in July, agribusiness exports were high, also reaching their record for July (US$14.43 billion). Highlights include soybean complexes, chicken and pork meat, cellulose ( Forber (b)).
Cars registered in July
Literally. In July, car sales continued to rise even after the tax incentive. This was expected due to advance sales . 225.6 thousand vehicles were registered in July, equivalent to 19% above the month of June (Bahia Econômica).
References: Agência Brasil (a), Agência Brasil (b), Bahia Econômica, B3, BCB, BOL, Correio do Brasil, Diário do Nordeste, E-Investidor (a), E-Investidor (b), Exame, Estado de Minas, FGV, Forbes (a), Forbes (b), GPFA, Gazeta de S.Paulo, Infomoney, Money Times, Terra (a), Terra (b), Seu Dinheiro, UOL(a), UOL(b).