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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