Brazil to aim for lower fiscal goal in 2014- Mantega
BRASILIA Aug 29 (Reuters) - The Brazilian government will seek a lower primary budget surplus goal in 2014 after excluding some investments from the key fiscal measurement, Finance Minister Guido Mantega said on Thursday.
A drop in revenues due to a sharp economic slowdown and a flurry of tax breaks forced President Dilma Rousseff's government to lower the primary surplus goal for 2013 to the equivalent of 2.3 percent of the gross domestic product from a previous 3.1 percent.
Mantega said that for next year the government will aim for a surplus equivalent to 2.1 percent of GDP. The primary surplus represents the public sector's excess revenue over expenditures before debt payments.
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