Finance Minister pointed out that, more than the achievement of the objectives, it is necessary to focus on the ‘economic result’ generated by the government’s fiscal effort
The Minister of Finance, said on Monday (29) that he sees no reason for concern about the fulfillment of the . According to Haddad, more important than meeting the goal itself, it is necessary to focus on the “economic result” of the government’s fiscal effort. The statements were made during Haddad participation in an event of Itaú BBA, in São Paulo.
He also denied that there will be any attempt to change the target of the primary result for next year and that all the ministries of the economic team are “aligned” in relation to the fulfillment of the target, which in 2026 is a primary surplus of 0.25% of Gross Domestic Product (GDP). Commenting on the need for fiscal balance, Haddad also said it is important to remember that GDP growth contributes to the improvement of the fiscal environment. “I already said and repeat: I do not believe that Brazil can structure public accounts without looking at the issue of growth. This is confused with leniency with inflation,” said the minister.
Haddad also recalled that new spending, which did not exist before, gained “weight” in the budget, such as parliamentary amendments and precatory. “Until recently, amendments were $ 5 billion. Today they are $ 53 billion. Anyone recalled that they needed a source of financing to honor these amendments?” Asked the minister. Despite these issues, the Minister of Finance argued that, in the average of the last ten years, the public spending was in 19.5% of the And today is below 19%, and that this happens without cuts in essential areas, such as education.
*With information from Estadão Content
