Brazil incoming finance minister vows to boost government savings


  • World
  • Friday, 28 Nov 2014

BRASILIA (Reuters) - Incoming Brazilian finance minister Joaquim Levy said on Thursday the government will pursue a primary budget surplus equivalent to 1.2 percent of gross domestic product in 2015.

The surplus, or the excess of revenue over expenses before debt interest payments, should not be lower than 2 percent of GDP in 2016, Levy said in his first remarks after being officially named cabinet minister by President Dilma Rousseff.

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