Brazil Finance Minister Warns of 'Painful Final Stretch' in Fiscal Reform

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1. 1Brazil's Finance Minister Dario Durigan said the fiscal reform faces a 'painful final stretch'
2. 2He cited curbing mandatory spending and adjusting pension privileges to address high interest rates, rising public debt, and record household leverage
3. 3Since Lula took office in 2023, gross public debt has risen by more than 10 percentage points of GDP, and the lack of a debt stabilization path carries a high risk premium

Source Reuters · View original ↗

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