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Brazil’s Finance Minister to propose new fiscal framework in first half of the year

Brazil's new Finance Minister, Fernando Haddad, affirmed yesterday, Monday, in his inauguration speech that in the first semester of the year, he will present a proposal for a new "reliable" fiscal framework for the sustainability of public finances.

Haddad stressed that he would not accept a fiscal result this year that is not better than the current forecast primary deficit of the public accounts of R$220 billion (about US$41.3 billion).

"We will not accept a primary result that is not better than the absurd deficit of R$220 billion forecasts in the 2023 Budget," he said . . .

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