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Government Mulling BRL 223 Billion Fiscal Adjustment

BRAZIL
  • GOVT MULLS FISCAL ADJUSTMENT OF BRL223B IN 2023: ESTADAO
  • (Translated)"In a meeting this Tuesday morning, the Minister of Finance Fernando Haddad received an initial assessment that it would be possible to make a fiscal adjustment of up to R$ 223.08 billion in 2023, equivalent to 2.08% of GDP. The simulations presented to Haddad include measures to revert exemptions, search for extraordinary revenues and a smaller part in spending cuts." (Estadao)
  • Haddad said yesterday in his inaugural address that he would not accept a fiscal result that was not better than budgeted.

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