Celso Petrucci

Celso Petrucci is the chief economist of the São Paulo union of real estate companies, known as Secovi-SP. He has been actively engaging with the Brazilian government for over a year to address the negative impacts that loans against the FGTS 'sac-aniversário' have had on the real estate sector. Petrucci has voiced concerns that the increasing volume of these loans jeopardizes the future budget of the FGTS, which is crucial for housing programs like 'Minha Casa Minha Vida.' He argues that the unchecked use of FGTS funds for non-housing related expenditures could undermine the financial foundation needed for sustainable housing development.