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Finance Minister Haddad Says Fiscal Realities Better Than They Appear

BRAZIL
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  • In comments to the lower house of congress today, Finance Minister Haddad said that all of President Lula’s appointments to the BCB board of directors agreed to maintain its inflation target and were following previous guidance in the last rate decision vote.
  • He also said that the government is seeking balance in public spending and was open to discussing administrative reform, adding that the fiscal reality is better than it seems.
    • HADDAD: TAX REVENUE COLLECTION IS GOING WELL (BBG)
    • HADDAD: INFLATION, FISCAL REALITIES BETTER THAN THEY APPEAR
    • HADDAD: I WANT BRAZIL CENBANK TO SEE CPI IS NOT DEANCHORING
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  • In comments to the lower house of congress today, Finance Minister Haddad said that all of President Lula’s appointments to the BCB board of directors agreed to maintain its inflation target and were following previous guidance in the last rate decision vote.
  • He also said that the government is seeking balance in public spending and was open to discussing administrative reform, adding that the fiscal reality is better than it seems.
    • HADDAD: TAX REVENUE COLLECTION IS GOING WELL (BBG)
    • HADDAD: INFLATION, FISCAL REALITIES BETTER THAN THEY APPEAR
    • HADDAD: I WANT BRAZIL CENBANK TO SEE CPI IS NOT DEANCHORING