New workload and wage reduction should reach 4 million workers

The program that allows companies to cut hours and wages and suspend employment contracts is expected to be announced in the coming weeks. The Emergency Benefit for the Preservation of Employment and Income (Well) reaches about 4 million workers, with an estimated cost to the public coffers of around R $ 10 billion.

According to information from the special secretary for Social Security and Labor, Bruno Bianco, the reissue of the program should be announced after the term and other details are still being analyzed by the President of the Republic, Jair Bolsonaro, accompanied by the Minister of Economy, Paulo Guedes.

Also according to Bianco, the program aims to be exactly the same as last year. “The first reason is that the program worked well, so we don’t want to change. We also already have a system developed for this program and the entrepreneurs and employees are already familiar with the program ”, he commented.

The secretary also informed that the delay for the renewal of the program was due to the evaluation of several fiscal points. “We have a fiscal issue to be assessed, we have a newly voted budget, we have issues related to the ceiling and fiscal target”, explained Bianco. Adding that the government is considering the use of credit extraordinary for the program. The recourse would allow program expenses not to be subject to tax rules, such as the spending ceiling.

In the opinion of the economic team, BEm minimized layoffs in 2020 and was one of the main reasons for creating formal jobs even in the midst of an economic recession. According to the Economy Minister, 11 million jobs were preserved as a result of the program last year.

Read more: 13 ° of INSS, BEm, FGTS and new emergency aid should be released this semester

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