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Brazilian Finance Minister: spending will rise less than 50% of the increase in revenue in 2024

The Minister of Finance, Fernando Haddad, denied that the changes made in the new fiscal framework report will increase expenses by R$82 billion in 2024.

"There's no way this could happen," he said.

According to him, in the "worst case scenario", the growth will be 50% of the increase in revenue, but he did not mention the spending increase values for next year.

"The cornerstone of this fiscal rule is that the expenditure [of the following year] does not grow more than between 50% and 70% of revenue," he said."

"The answer from the National Treasury and the . . .

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