💨 Abstract

Brazil's Finance Minister Fernando Haddad stated that while there is room for improvement in public accounts, economic growth is crucial for fiscal adjustment. He emphasized the government's plan to resume reforms and highlighted proposals to improve access to lower-interest loans for formal workers and use Pix payment systems as collateral for loans. Haddad believes a sustainable fiscal horizon can be achieved with public revenue at 19% of GDP and spending at 18%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖