Skip to content
Subscriber Only

Mantega Sees Room for 2015 Monetary Easing on Higher Fiscal Goal

Brazil’s Finance Minister Guido Mantega says the government will make an effort to increase the primary surplus in 2015 in a bid to allow the central bank to adopt a more expansionary policy.

The government today released 2015 budget guidelines that set a budget surplus target before interest payment of at least 114.7 billion reais ($51 billion), or 2 percent of gross domestic product, an increase from this year’s target of 1.9 percent of GDP.