The government's economic team is reviewing fiscal targets for 2025 and 2026, seeking an additional R$1.4T 300 billion to balance public accounts.
This decision reflects the need to adjustments given the current economic scenario. In this article, we will analyze the reasons behind this review and its impact on the country's economy.
Why Review Fiscal Targets
This review is a response to the conditions economic and fiscal policies in constant change. The economic team seeks to ensure the sustainability of public accounts and the macroeconomic stability of the country.
According to the Ministry of Economy, the fiscal targets initially established are more challenging due to changes in the economic scenario and the coronavirus pandemic.
In view of this, the economic team is working on alternatives to optimize revenue collection and reduce public spending, in order to achieve the new goals.
Main Points of the Review
The government identified the need for adjustments to ensure the balance of public accounts and avoid fiscal problems in the future.
Reviewing fiscal targets may require adjustments to government economic policies, including spending cuts, tax increases or the search for new sources of revenue.
The government's ability to meet its fiscal targets is critical to maintaining investor confidence and ensuring the country's economic stability.
The government is working to identify areas where it is possible to cut spending without compromising essential services to the population. This process is being carried out cautiously, to avoid negative impacts on priority areas such as health, education and public safety.
Future Expectations
Reviewing fiscal targets can contribute to a more solid and sustainable economic recovery by ensuring healthy public finances and creating an environment conducive to investment and growth.
However, adjusting fiscal targets can also bring short-term challenges, such as the need to implement unpopular measures or face political resistance.
The review of fiscal targets by the government's economic team reflects the need to adapt to constantly changing economic conditions.
Although it may bring challenges, this review is essential to ensure the stability and sustainability of public finances, promoting a more solid and lasting economic recovery.
Image: Edilson Rodrigues/Senate Agency
