"Goal achieved," says Mantega. The balance: R$ 75 billion.
As announced yesterday by 247, the federal government met its 2013 fiscal target, with a surplus close to R$ 75 billion; this information was given earlier this afternoon by the Minister of Finance, Guido Mantega; "fiscal mismanagement" was one of the most frequent criticisms from the opposition regarding economic policy; Mantega also predicted good numbers for 2014 and said that the government will keep spending under control, despite the elections.
247 - As announced yesterday by 247, the last pillar of the "psychological warfare" waged by sectors of the opposition against economic policy has fallen (read more). hereThe federal government's primary surplus (revenues minus expenses, excluding interest payments) was close to R$ 75 billion, as announced by Finance Minister Guido Mantega.
Below is a news article from Reuters:
Brazil will have a "good fiscal result" in 2014, says Mantega.
BRASILIA, Jan 3 (Reuters) - Brazil will have a "good fiscal result" in 2014 and the government will continue making efforts to keep spending under control, Finance Minister Guido Mantega said on Friday.
He predicted that the Brazilian economy will perform better this year, benefiting from a stronger international economy.
The minister also announced that investments in Brazil grew by about 6,5 percent in 2013, and are expected to have exceeded 19 percent of the Gross Domestic Product (GDP). He believes that concessions will boost investments in the country in 2014.
(By Leonardo Goy)
Read also the previous news story, also from Reuters:
3 Jan (Reuters) - The central government, comprised of the National Treasury, Social Security, and the Central Bank, met its 2013 fiscal target with a primary surplus of around 75 billion reais, Finance Minister Guido Mantega announced this Friday.
"We achieved a surplus of slightly more than 1,5 percent of the Gross Domestic Product (GDP) in the central government," the minister said at a press conference in Brasília.
Brazil's fiscal situation has worried investors, who believe that due to public spending, the Central Bank will have to tighten monetary policy even further to contain inflation.
According to the minister, meeting the consolidated public sector target depends on the results from the states and municipalities, which will be known at the end of the month. The minister added that the central government's result was possible due to increased tax collection.
(By Leonardo Goy)