Tebet was announced as Minister of Planning on 27 December 2022, after André Lara Resende, a member of the transition team, rejected the position. "Investors had expected a market-friendly person to get the position, but markets will welcome Tebet," said analyst Lucas de Aragao of Arko Advice consultancy in
Brasilia. The position also grants Tebet the position of Ex-Officio Alternate Member of the Board of Governors of the
World Bank.
Choice of Ministry ,
José Sarney, and
Geraldo Alckmin|left After the 2022 election, it was widely considered that Tebet would be given a ministry, especially since she had not run for
reelection in the Senate. Tebet's support for Lula, especially as a moderate candidate was seen as crucial to his victory in the narrowest Brazilian presidential election in history, where she won 4.9 million votes and the election was decided by 2.1 million. It was reported that Tebet desired the
Ministry of Social Development, which would have allowed a large public profile to control the allocation of the
Bolsa Família/
Auxílio Brasil program. This appointment was quashed by the
Workers' Party who worried about both Tebet's "independence" and the possibility of a
future presidencial candidacy. Wellington Dias, the former Governor of
Maranhão, was chosen for the position. The Workers' Party wanted to give Tebet the
Ministry of the Environment, but she wanted to give the ministry to her personal friend
Marina Silva. Eventually after considering the position of
Minister of Cities and of
Agriculture, Lula decided to give her the
Ministry of Planning and Budget, just before his inauguration on 1 January.
Institutes Luciana Servo (right) and the Minister of Management
Esther Dweck (left). The two foundations under the preview of the
Ministry of Planning and Budget are the
Brazilian Institute of Geography and Statistics (IBGE) and the
Institute of Applied Economic Research (IPEA).
IPEA IPEA conducts economic research and studies. Tebet appointed Dr.
Luciana Mendes Santos Servo to head the IPEA. The IPEA carries out social and economic studies for the government as a whole. Dr. Sevro is the first black woman to head the foundation.
IGBE IGBE conducts censuses and creates records of governmental and population statistics.
Leadership Tebet also removed the head of IBGE from the Bolsonaro government, keeping Cimar Azeredo Pereira as head of the institute in an interim capacity. The previous head of IBGE Eduardo Luiz Gonçalves Rios Neto had not completed the 2022 census by the end of 2022. The IBGE carried out a survey of indigenous lands during Tebet's tenure, after the recognition of the
Yanomami humanitarian crisis caused by illegal logging and mining. The
Bolsonaro and
Temer governments had halted these surveys. The 2023 survey found only 53% of the
Yanomami population had been recorded in the census fue to a lack of funding and remotness, leading to a further lack of access to government services. IBGE was applauded for locating 26,000 additional Yanomami in its survey.
Nomination of Marcio Pochmann On 8 August 2023 President
Lula appointed
Marcio Pochmann, the former president of IPEA from 2007-2012 and president of the
PT think tank the
Perseu Abramo Foundation from 2012 to 2020, as President of IBGE. Controversies emerged between Tebet and Lula over the nomination, as Tebet was not consulted. Tebet said in a statement that "
Minister Pimenta, not knowing that in the meeting we had with the president we had not mentioned the name, announced it preliminarily. And it has already been placed. The name will be made official at the right time, after the conversation we will have next week with President Lula. We will accept any name that comes." Pochmann is considered to hold
heterodox economic theories. The
Buenos Aires Times reported that Pochmann's leftist economic views are considered "too extreme even by members of Lula's economic team, who worry about damage to IBGE's credibility...after Pochmann's years at IPEA, [which] were controversial and caused several economists who did not agree with him to leave the organisation."
Fiscal policy in government Tebet, along with the
Minister of Finance Fernando Haddad, have taken a more
pro-business stance than the rest of the
Lula cabinet. Tebet has argued for reducing tax waivers and increasing female empowerment initiatives, arguing on a level playing field, equality increases economic prosperity.
Forbes Brasil reports that
stock market and business leaders have shown support for Tebet's policies, which argue "economic stability depends on institutional stability." on the
Central Bank in April 2023
Central Bank Roberto Campos Neto, the President of the
Central Bank of Brazil appointed by
Jair Bolsonaro, was criticized by various allies of the
Lula government for not lowering
interest rates. The
PT bench in the
Chamber of Deputies argued that
inflation was low enough to increase access to
loans.
Gleisi Hoffmann, the PT president, said that the interest rate highs advantages the wealthy and disadvantaged the poor. Campos Neto was defended by the Fazenda, a bloc of ministers that includes Tebet and other economic officials. This bloc includes
Minister of Finance Fernando Haddad,
Vice-President and
Minister of Industry Geraldo Alckmin, and Minister of Management
Esther Dweck. Tebet took a neutral stance in a debate session of the
Federal Senate, saying that "there is no contradiction in saying [interest rates should decrease]: the Central Bank is autonomous, and it is good that it is [...] And therefore, the government does not interfere in the technical decisions of the Central Bank. But the Central Bank cannot consider that its decisions are only techniques. They also interfere in politics, especially its communiqués and minutes." Tebet argued that tax reform could bring the budget deficit to zero, increasing GDP which would "guarantee Brazil's sustainable and lasting growth."
Budget Tebet's office oversees budget proposals with input from the Ministry of Finance.
2024 Tebet supported the policy of
Fernando Haddad in maintaining a
zero deficit to raise confidence in market for the governments other spending. This was a policy that President Lula viewed as unattainable, while Haddad encouraged increased taxation to meet the deficit. Tebet promised that these cuts to create a zero defict would not cut into environmental initiaves, offering emergency credits as a form of disaster spending to make up revenue to
Marina Silva. Tebet proposed a budget that required 168 billion reals in additional revenue.
2025 In the 2025 budget, Tebet entered into conflict with Haddad over maintaining a zero deficit goal. The Ministry of Finance had calculated a 0.5% surplus which would allow more spending but an independent review found a zero deficit, an observed win for Tebet's policy of fiscal responsibility over Haddad's observed market appeasement. Tebet's prioritization of a cohesive economic view was supported by experts. == Political positions ==