Expenditure will grow less than 50% of the increase in revenue, Haddad says

Brazilian Finance Minister: spending will rise less than 50% of the increase in revenue in 2024

The Minister of Finance, Fernando Haddad, denied that the changes made in the new fiscal framework report will increase expenses by R$82 billion in 2024. "There's no way this could happen," he said. According to him, in the "worst case scenario", the growth will be 50% of the increase in revenue, but he did not […]

The Finance Minister, Fernando Haddad, stated that public expenditure should increase by less than 50% of the increase in revenues in the financial year

The minister's forecast is for all economic scenario projections.

O ministro da Fazenda, Fernando Haddad, comemorou, e agradeceu, nesta quinta-feira (18), em São Paulo, a aprovação do regime de urgência para a votação do novo arcabouço fiscal na Câmara dos Deputados. Em entrevista à imprensa, o ministro assegurou que as despesas do governo vão crescer menos do que a metade do aumento da receita em 2024. “No ano que vem, que é o primeiro ano de vigência desse novo marco, a despesa vai crescer menos do que 50% d…

Reuters - Finance Minister Fernando Haddad celebrated the approval by the Chamber of Deputies of the emergency regime for the draft of the new fiscal framework and stated that in the first year of the measure in force, in 2024, expenditure will increase by less than 50% of the expansion of revenue in all the scenarios projected by the Federal Revenue Service and the Treasury. In an interview with reporters in São Paulo, Haddad also stated that h…

The Finance Minister, Fernando Haddad, stated that in the first year of the new fiscal framework, in 2024, expenditure will increase by less than 50% of the expansion of revenue... The post Expenditure will grow less than 50% of the increase in revenue, says Haddad appeared first on The Antagonist.