Brazil's government expected to expand spending block on ministries, says finance minister
Brazil's government is set to announce an increase in spending blocks across ministries to adhere to this year's spending cap. Finance Minister Dario Durigan indicated that while spending restrictions will expand, a spending freeze will not be necessary. The government aims for a primary surplus of 0.25% of GDP this year, with federal revenues aligning with estimates.
- ▪The current spending block is 1.6 billion reais ($320 million).
- ▪The government will present its bimonthly revenue and expenditure report on Friday.
- ▪Durigan emphasized the need for fiscal consolidation to manage rising expenses.
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Brazil's government expected to expand spending block on ministries, says finance ministerSign up now: Get ST's newsletters delivered to your inboxFILE PHOTO: Brazil's Finance Minister Dario Durigan speaks during a ministerial meeting at the Planalto Palace in Brasilia, Brazil, March 31, 2026. REUTERS/Adriano Machado/File PhotoPublished May 22, 2026, 07:39 AMUpdated May 22, 2026, 07:39 AMBRASILIA, May 21 - Brazil's government is expected to announce on Friday an increase of spending blocks across ministries to stay within this year's spending cap, Finance Minister Dario Durigan said on Thursday.The block currently stands at 1.6 billion reais ($320 million). The government has scheduled the presentation of its bimonthly revenue and expenditure report for 3 p.m.
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