Brazil's Finance Minister Proposes Fiscal Rule Changes to Hit Budget Target

Brazil's Finance Minister Dario Durigan announced Monday he will propose legal or constitutional changes this year to formally target the center of the country's fiscal goal. He stated the government aims to adjust rules regarding budget contingency requirements within the remaining two months. Durigan said the Finance team has become "master" at balancing fiscal responsibility with President Lula's promised social benefits and investments in health and education. He mentioned reviewing areas like parliamentary amendments, excessive salaries, and special pensions to create fiscal space. The minister emphasized the Finance Ministry's mandate is to safeguard national accounts while enabling the president's agenda for the people. He described the allocation discussions as a "beautiful debate" to pursue.