Brazil's Finance Minister targets a more ambitious primary surplus for next year
Brazil's Finance Minister Dario Durigan said in an interview with local agency Broadcast that the government will set a goal of achieving a higher effective primary surplus next year, without specifying a figure. The remarks came after a broad decline in Brazilian markets following the re-election of President Luiz Inácio Lula da Silva. Durigan also said the government plans to submit to Congress a bill requiring policymakers to formally set the midpoint of the primary balance target as the goal.
In 40 seconds
- Durigan said the Brazilian government will seek a higher effective primary surplus next year, without giving figures.
- The remarks came after a broad decline in Brazilian markets following Lula da Silva's re-election.
- The government plans to send Congress a bill to formally set the midpoint of the primary balance target as the goal.
Read the full story at El Nuevo Herald
IASummary generated by artificial intelligence from a story by El Nuevo Herald. It may contain errors: the original source prevails.
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