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Zero‑base fiscal rule

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Brazil fiscal adjustment plan and budget review

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Latest: Brazil Finance Minister Durigan Blames High Interest Rates for Rising Debt

In early July 2026 Brazil’s state‑owned enterprises posted a R$7.4 bn deficit, pushing the federal sector loss to R$5.9 bn and gross public debt to 81.1 % of GDP. Finance Minister Dario Durigan reaffirmed a two‑percentag