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Treasury Secretary Comments

BRAZIL

*BRAZIL TREASURY: COMPLYING WITH '21 SPENDING CAP RULE IS DOABLE (bbg)


Treasury secretary Bruno Funchal said Brazilian government has a contingency plan in case the pandemic worsens. He added:

  • Impact of a higher consumer prices index in minimum wage this year could be compensated in 2022
  • Brazil could report a primary surplus in 2026, 2027
  • He sees no need of new fiscal measures stating "Emergency aid is not the best policy right now", countering that vaccinations remains the priority.

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