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Details of Fiscal Framework Awaited Before BCB

BRAZIL
  • Local media have reported that the new fiscal framework plan was presented to President Luiz Inacio Lula da Silva, but there are still parts that need to be ironed out before an official announcement is released.
  • Speaking on Monday at an event held at the BNDES development bank headquarters, Vice President Geraldo Alckmin said “it’s an intelligent, well-done measure and that’s going to give security on the fiscal issue”. He added that the proposal would take into account Brazil’s debt curve, combined with measures to control spending, but provided no further specifics on its execution.
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  • Local media have reported that the new fiscal framework plan was presented to President Luiz Inacio Lula da Silva, but there are still parts that need to be ironed out before an official announcement is released.
  • Speaking on Monday at an event held at the BNDES development bank headquarters, Vice President Geraldo Alckmin said “it’s an intelligent, well-done measure and that’s going to give security on the fiscal issue”. He added that the proposal would take into account Brazil’s debt curve, combined with measures to control spending, but provided no further specifics on its execution.