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MNI BRIEF: Brazil Faces Fiscal Challenge In 2025 - Campos Neto

(MNI) BRASILIA

Central Bank of Brazil Governor Campos Neto speaks for the first time about the 2025 fiscal scenario amid discussions in the government about revising targets.

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Central Bank of Brazil Governor Roberto Campos Neto said Wednesday that 2025 will be a "year of challenge" in the fiscal arena and said the rate of increase in public debt will eventually have to be addressed.

"We have a chance to do slightly better than the market expects. 2025 is a more challenging year, and at some point, we need to address the issue that the debt trajectory needs to converge downwards. If this becomes a global issue, it will be even more important to do the fiscal homework," he said at an event sponsored by Bradesco BBI in Sao Paulo, adding that expansionist fiscal policies do not bring sustainable growth and increase inflation. (See MNI INTERVIEW: New Brazil Guidance Doesn't Mean Slower Easing)

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Central Bank of Brazil Governor Roberto Campos Neto said Wednesday that 2025 will be a "year of challenge" in the fiscal arena and said the rate of increase in public debt will eventually have to be addressed.

"We have a chance to do slightly better than the market expects. 2025 is a more challenging year, and at some point, we need to address the issue that the debt trajectory needs to converge downwards. If this becomes a global issue, it will be even more important to do the fiscal homework," he said at an event sponsored by Bradesco BBI in Sao Paulo, adding that expansionist fiscal policies do not bring sustainable growth and increase inflation. (See MNI INTERVIEW: New Brazil Guidance Doesn't Mean Slower Easing)

Keep reading...Show less