


By Marcela Ayres
BRASILIA (Reuters) - Brazilian Finance Minister Fernando Haddad on Thursday announced a plan to more than halve the government's estimated deficit this year by boosting revenue and trimming expenditures, helping to lift the real currency to its strongest level in two months.
Gains occurred in a session in which various currencies rose against the dollar on the back of weaker U.S. inflation data.
Haddad said the government of leftist President Luiz Inacio Lula da Silva, who took office Jan. 1, would aim to reduce the 2023 primary deficit, before interest payments, to between 0.5% and 1% of gross domestic product (GDP), or 90 billion to 100 billion reais ($18 billion to $20 billion).
The proposals aimed to allay investor concerns that Lula's focus on poverty reduction and other election promises could hurt fiscal discipline in coming years, pushing public debt to worrying levels.
Treasury Secretary Rogerio Ceron said the proposed fiscal package would keep Brazil's gross debt on a trajectory around 75% of GDP, without exceeding 80%.
The shortfall in this year's budget had been forecast at 2.1% of GDP, equal to 232 billion reais ($46 billion).
Haddad presented a list of proposals with a total impact estimated at 243 billion reais ($47 billion), resulting in a theoretical fiscal surplus. But he said revenue frustrations might occur, as well as unexpected expenses.
The measures include actions that Lula has not yet approved, including the end of a tax waiver on fuels, which will only be on the agenda after the new board of state-run oil giant Petróleo Brasileiro S.A., known as Petrobras, takes office. That alone could increase public revenue by 29 billion reais this year, Haddad said.
Another proposal involved new rules about how companies can generate tax credits with the ICMS state tax, which could increase federal revenues by 30 billion reais this year.
Haddad also announced a tax debt renegotiation program, providing for discounted fines and interest on installments, which could boost tax revenue by 50 billion reais in 2023.
His plan accounts for more revenue than previously forecast, less spending on contracts and programs under review, and holding back on some authorized spending.
Before taking office, Lula secured congressional support for a 168 billion reais spending package bypassing a constitutional spending cap to meet campaign promises, sparking investor concerns about fiscal discipline.
Haddad sought to play down those concerns and struck a conciliatory tone with the newly autonomous central bank, whose president was appointed by Lula's predecessor with a mandate through 2024.
"I don't have to be satisfied or dissatisfied. I have to work with the central bank, respect institutionality, respect its independence that was approved and seek ways to harmonize policies," Haddad said.
The central bank has lifted Brazil's benchmark interest rate to 13.75% from a 2% record low in March 2021. After pausing its tightening cycle in September, it has stressed that it remains vigilant and may resume hikes if inflation does not cool as expected, recently signaling increased fiscal risks.
($1 = 5.10 reais)
EUR/USD
1.0751
+0.0052 (+0.49%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (2)
EUR/USD
1.0751
+0.0052 (+0.49%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (2)
GBP/USD
1.2494
+0.0055 (+0.44%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
USD/JPY
139.38
-0.75 (-0.54%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (2)
AUD/USD
0.6697
+0.0045 (+0.68%)
Summary
NeutralMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (0)
Sell (6)
USD/CAD
1.3350
-0.0020 (-0.15%)
Summary
SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (2)
Sell (5)
EUR/JPY
149.85
-0.08 (-0.05%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
EUR/CHF
0.9698
-0.0040 (-0.41%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (5)
Gold Futures
1,973.85
+15.45 (+0.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (4)
Silver Futures
24.023
+0.494 (+2.10%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Copper Futures
3.7657
+0.0097 (+0.26%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Crude Oil WTI Futures
72.73
+0.20 (+0.28%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (7)
Brent Oil Futures
77.12
+0.17 (+0.22%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (8)
Natural Gas Futures
2.340
+0.011 (+0.47%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (9)
US Coffee C Futures
189.55
+4.15 (+2.24%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Euro Stoxx 50
4,297.75
+5.84 (+0.14%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
S&P 500
4,267.52
-16.33 (-0.38%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (4)
DAX
15,970.83
+10.27 (+0.06%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
FTSE 100
7,611.23
-13.11 (-0.17%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Hang Seng
19,299.18
+47.18 (+0.25%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (1)
US Small Cap 2000
1,888.45
+33.05 (+1.78%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
IBEX 35
9,383.96
+24.16 (+0.26%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
BASF SE NA O.N.
47.362
+0.912 (+1.96%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (8)
Bayer AG NA
52.09
-0.04 (-0.08%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (1)
Allianz SE VNA O.N.
209.78
+0.93 (+0.45%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Adidas AG
159.18
-0.08 (-0.05%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Deutsche Lufthansa AG
9.105
-0.028 (-0.31%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (11)
Siemens AG Class N
158.09
-0.37 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (8)
Sell (0)
Deutsche Bank AG
9.905
+0.093 (+0.95%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (7)
EUR/USD | 1.0751 | ↑ Buy | |||
GBP/USD | 1.2494 | ↑ Buy | |||
USD/JPY | 139.38 | Neutral | |||
AUD/USD | 0.6697 | Neutral | |||
USD/CAD | 1.3350 | Sell | |||
EUR/JPY | 149.85 | Buy | |||
EUR/CHF | 0.9698 | Sell |
Gold | 1,973.85 | ↑ Buy | |||
Silver | 24.023 | ↑ Buy | |||
Copper | 3.7657 | ↑ Buy | |||
Crude Oil WTI | 72.73 | ↑ Sell | |||
Brent Oil | 77.12 | ↑ Sell | |||
Natural Gas | 2.340 | ↑ Sell | |||
US Coffee C | 189.55 | ↑ Buy |
Euro Stoxx 50 | 4,297.75 | ↑ Sell | |||
S&P 500 | 4,267.52 | ↑ Sell | |||
DAX | 15,970.83 | ↑ Sell | |||
FTSE 100 | 7,611.23 | ↑ Sell | |||
Hang Seng | 19,299.18 | ↑ Buy | |||
Small Cap 2000 | 1,888.45 | ↑ Buy | |||
IBEX 35 | 9,383.96 | ↑ Sell |
BASF | 47.362 | ↑ Sell | |||
Bayer | 52.09 | Buy | |||
Allianz | 209.78 | ↑ Sell | |||
Adidas | 159.18 | ↑ Sell | |||
Lufthansa | 9.105 | ↑ Sell | |||
Siemens AG | 158.09 | ↑ Buy | |||
Deutsche Bank AG | 9.905 | ↑ Sell |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,640![]() ![]() (-5 ![]() ![]() |
SJC HCM | 6,640![]() ![]() (-5 ![]() ![]() |
SJC Hanoi | 6,640![]() ![]() (-5 ![]() ![]() |
SJC Danang | 6,640![]() ![]() (-5 ![]() ![]() |
SJC Nhatrang | 6,640![]() ![]() (-5 ![]() ![]() |
SJC Cantho | 6,640![]() ![]() (-5 ![]() ![]() |
Cập nhật 08-06-2023 20:14:14 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,958.56 | +14.1 | 0.73% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 22.790 | 23.240 |
RON 95-III | 22.010 | 22.450 |
E5 RON 92-II | 20.870 | 21.280 |
DO 0.05S | 17.940 | 18.290 |
DO 0,001S-V | 18.800 | 19.170 |
Dầu hỏa 2-K | 17.770 | 18.120 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $72.80 | +0.77 | 0.01% |
Brent | $77.06 | +0.62 | 0.01% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.290,00 | 23.660,00 |
EUR | 24.502,58 | 25.874,56 |
GBP | 28.482,59 | 29.697,07 |
JPY | 163,25 | 172,83 |
KRW | 15,54 | 18,94 |
Cập nhật lúc 18:52:39 08/06/2023 Xem bảng tỷ giá hối đoái |