BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said on Tuesday the country’s economic growth would likely reach 3.6% in 2024, while the primary deficit for the year was expected to reach 0.1% of domestic product gross (GDP).
This means that the government has probably achieved its objective of eliminating the primary deficit, excluding interest payments, since the target allows a tolerance margin of 0.25% of GDP, or a deficit of up to 28.8 billion reais.
Speaking in an interview with television channel GloboNews, Haddad said his goal was to leave the economy “in better shape than I received it,” which would involve controlling spending “in the right direction.” way, without harming low-income workers.
Haddad stressed the need for the government to improve its communication at a time when global markets remain very “sensitive.”
He said the external environment is more challenging and the whole world is concerned about how the US economy will be managed, with news about it having a rapid and significant impact on asset prices.
