Brazil’s Finance Minister Durigan outlines fiscal adjustment and debt‑stabilisation plan

Finance Minister Dario Durigan said the government will not introduce any capital‑control measures and will instead focus on improving Brazil’s fiscal framework. He pledged to cut mandatory spending, advance tax‑reform and deliver a fiscal adjustment of roughly two percentage points of GDP, aiming for a primary surplus in 2028‑29.

Durigan highlighted that the debt‑to‑GDP ratio is a “last mile” challenge, expecting the public‑debt burden to start falling from 2030 thanks to higher oil‑related revenue and tighter fiscal discipline. He also asked the Supreme Court to intervene on high‑impact budget bills and noted a recent R$ 5.7 billion reduction in the 2026 budget block. Subsidies for fuels have pushed overall federal spending back to 2023 levels, but the minister stressed they will be financed by increased petroleum royalties.

Across several public statements, Durigan reaffirmed the commitment to preserve social programmes, avoid tax hikes, and regulate financial instruments such as CFD/Forex and sports‑betting without restricting capital flows.