Luiz Carlos Trabuco’s Take On Brazilian Economic Policy

Luiz Carlos Trabuco is currently the chairman and former CEO of Banco Bradesco. His work in the company has been very impressive and can only be admired by many. It was under his watch that the company’s assets and credit portfolio rose to R $ 1.4 trillion and 493 billion respectively.

He left the company under the capable hands of Octavio de Lazari Jr, who previously headed the company’s insurance unit and was the company’s executive vice president.

It is through the experience that Luiz Carlos Trabuco acquired that taught him that the performance of the private sector depends on how well the economy at large is doing. He therefore, has been contributing to numerous debates about the country’s economic policy over the years. He recently disclosed that the administration of President Termer has created a favorable environment for investment.

Read more: Bradesco anuncia novo presidente: Octavio de Lazari Junior vai substituir Luiz Carlos Trabuco Cappi

The Brazilian economy has been doing well recently. The country’s economic recovery might continue into future. This is after the country went through a deep recession, between 2014 and 2016. This implies that the future is bright for Brazil. CEO Luiz Carlos Trabuco however thinks that it is too early to celebrate this economic recovery. He added that for the recovery to be effective, the government must make economic reforms in order to correct the hole in the country’s public accounts. Without this, the recovery is, in his words, ‘just a chicken flight’.

According to jusbrasil.com.br, Luiz Carlos Trabuco thinks that it is the right time to contain Brazil’s fiscal deficit. According to him, if not limited, the government spending will soon become unsustainable. This would further lead to the Brazil’s solvency being questioned. He therefore suggested that the country’s public spending be minimized. For example, he thinks that reforms on the country’s pension are not necessary. All it will do is hike government spending. After all, the elites in the public sector receive more pension than their counterparts in the private sector.

It is vivid that people like Luiz Carlos Trabuco, in the private sector, have many ideas about the country’s economic policy. It is therefore high time that the Brazilian government consults them while coming up with its economic policy.

Search more about Luiz Carlos Trabuco: http://economia.estadao.com.br/noticias/geral,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384

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