This month?s cover story of the magazine The Brazilian Economy, published by the Brazilian Institute of Economics (FGV/IBRE) discusses the review of the minimum wage policy adjustment, which comes at a time of ponderation. The rule in force since 2007 - based on the inflation of the previous year plus the GDP of two years before that - will be reviewed in 2015.The researchers of IBRE's Applied Economics area, Nelson Barbosa and Samuel Pessôa, state that it is necessary to decelerate real gains recorded for the minimum wage which, from 2002 to 2014, accumulated a 72.31% real increase. The paths to it, however, differ according to Barbosa and Pessôa's assessments.For the first, the policy has been positive so far, and should suffer a single alteration: an indexing change, from GDP to GDP per capita. Barbosa believes it is possible to keep minimum wage indexing at the social security and welfare's floor provided there is an adjustment for the rules of concession of three transfer programs: year-end bonuses, unemployment insurance and pensions. Pessôa argues that the current policy undermines Brazil's growth capacity through the savings' channel, making the country grow less. He also supports a rule based on productivity growth; however, he thinks it is important the de-indexation of the minimum wage from the pension and social security's floor.Interview with TCU's presidentBesides this article, The Brazilian Economy?s May edition also brings an exclusive interview with the minister Augusto Nardes, President of the Court of Audit (TCU). Nardes estimates that only 7.6% of federal civil servants are fully capable of performing their duties competently. The minister also said that political parties need to be aware that it is more important to negotiate a project for the country than a project for one's party.Moreover, with respect to fraud and money embezzlement, Nardes emphasized that the court is doing its part to fight the problem and that the last five years R$ 102 billion were saved. About TCU being considered a paralyzer of works, he stated that the Court is performing its role as a regulator. We report to Congress undue embezzlement and prices. The Congress is the one who keeps or not the work, he emphasized.For more information on IBRE's and The Brazilian Economy magazine, please click here (in English).