BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said on Tuesday that the country’s economic growth is likely to reach 3.6% in 2024, while the primary deficit for this year is expected to reach 0.1% of gross domestic product (GDP). .
This means the government has likely met its target of eliminating the primary deficit, excluding interest payments, as 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 TV channel GloboNews, Haddad said his goal was to leave the economy “in better shape than I got it,” which would include controlling spending “in the right way, without harming low-income workers.”
Haddad stressed the need for the government to improve its communications at a time when global markets remain highly “sensitive”.
He said that the external environment is more challenging and the whole world is worried about how the US economy will be managed, and news on this front has a quick and significant impact on asset prices.
