Brazil sets more realistic budget goal with new minister


  • World
  • Friday, 28 Nov 2014

Brazil's President Dilma Rousseff reviews the Bulgarian army honour guard during an official welcoming ceremony in Sofia October 5, 2011. REUTERS/Stoyan Nenov

BRASILIA (Reuters) - Brazil will work with a more realistic public savings target over the next three years, incoming finance minister Joaquim Levy said on Thursday, in an effort to rebuild investor confidence in the flagging economy.

Levy's first public comments after President Dilma Rousseff confirmed his appointment underscored his focus on shoring up public finances and restoring transparency to the federal budget after the president's narrow reelection victory last month.

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