Brazil's Finance Minister Dario Durigan pledges fiscal rule stability before economic growth
Dario Durigan stated that stabilizing Brazil's fiscal rules is a prerequisite for future economic development. He argued that interest rates will likely remain at current levels while rating agencies improved their assessments of the public debt.
Brazil's Finance Minister, Dario Durigan, announced this Friday that establishing stable fiscal rules is necessary before pursuing economic growth. Speaking to Radio Bandeirantes, he noted that while the fiscal debate has merit, the nation must focus on joining the global development path. The discussion on artificial intelligence involves applying technology beneficially within sectors like agriculture rather than competing with China or the United States. Durigan emphasized that public accounts require pacification and interest rate reduction before such progress occurs. He represented the party's campaign for reelection in this role. Regarding monetary policy, he predicted that Brazil will end its term with an interest rate equal to today's level. He contrasted the current administration's performance with the previous one by citing that rating agencies provided better evaluations of the country's creditworthiness despite similar rate structures.
