Reuters logo
4 years ago
Brazil to aim for lower fiscal goal in 2014- Mantega
August 29, 2013 / 4:12 PM / 4 years ago

Brazil to aim for lower fiscal goal in 2014- Mantega

BRASILIA, Aug 29 (Reuters) - The Brazilian government will seek a lower primary budget surplus goal in 2014 after excluding some investments from the key fiscal measurement, Finance Minister Guido Mantega said on Thursday.

A drop in revenues due to a sharp economic slowdown and a flurry of tax breaks forced President Dilma Rousseff's government to lower the primary surplus goal for 2013 to the equivalent of 2.3 percent of the gross domestic product from a previous 3.1 percent.

Mantega said that for next year the government will aim for a surplus equivalent to 2.1 percent of GDP. The primary surplus represents the public sector's excess revenue over expenditures before debt payments.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below