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Search resuls for: "Marcela Ayres Lisandra Paraguassu"


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☆ Brazil's fiscal framework aims for 2024 zero primary deficit, 2025 surplus -sources
  + stars: | 2023-03-29 | by ( Marcela Ayres Lisandra Paraguassu Bernardo Caram | Marcela Ayres | Lisandra Paraguassu | ) www.reuters.com   time to read: +2 min
BRASILIA, March 29 (Reuters) - The goal of Brazil's new fiscal framework will be a zero primary deficit in 2024, followed by surpluses in subsequent years, as President Luiz Inacio Lula da Silva seeks a sustainable trajectory for the country's public debt, government sources told Reuters on Wednesday. According to one of the sources, the primary surplus will be equivalent to 0.5% of GDP in 2024, rising to 1% of GDP in 2025. The new framework will combine a target for primary results with a spending rule and will have adjustment mechanisms in case of noncompliance. Sources spoke anonymously, as the topic is being addressed in private conversations with congressmen. Talking to reporters, Padilha said that the leaders of Brazil's Congress have indicated that, once submitted, the fiscal rules should be quickly approved.
☆ Markets settle but Lula jitters remain after Brazil's 'Liz Truss moment'
  + stars: | 2022-11-11 | by ( Marcela Ayres Lisandra Paraguassu | Marcela Ayres | Lisandra Paraguassu | ) www.reuters.com   time to read: +4 min
Investors have called for Lula to restore firm rules for public spending after major outlays by outgoing President Jair Bolsonaro through the pandemic and election campaign. Instead, Lula is pushing to dismantle old budget rules to ramp up social spending. Senator Simone Tebet, of the centrist Brazilian Democratic Movement party (MDB), said the economy minister should be his first cabinet pick to make clear what his policies are going to be affecting the economy. "An economy minister is needed to explain the president's political thought," she told reporters. The rout made clear that many investors want to see more clarity over ministerial appointments and how Lula aims to stabilize Brazil's public finances.
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