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Brazil confirms 2027 fiscal target of 0.5% of GDP primary surplus

BY Reuters | ECONOMIC | 04:29 PM EDT

BRASILIA, April 15 (Reuters) - Brazil's government on Wednesday proposed a primary surplus target of 0.5% of gross domestic product (GDP) for 2027 in its budget guidelines bill, confirming a figure previously signaled.

The bill assumes GDP growth of 2.56% next year and inflation of 3.04%.

As is customary, the government also set out primary balance projections for the following three years, reiterating last year's estimates of a 1.0% of GDP surplus in 2028 and 1.25% in 2029, and, for the first time, projecting a target of 1.5% in 2030. (Reporting by Marcela Ayres)

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