BRASILIA Feb 19 The Brazilian government will
announce a long-promised spending freeze and a new 2014 primary
budget surplus target on Thursday, Finance Minister Guido
Mantega said on Wednesday.
The primary budget surplus target, a gauge of the country's
fiscal discipline, is crucial in the efforts of President Dilma
Rousseff to recover credibility in the eyes of investors.
The primary budget surplus is a measure of net revenue
before the payment of interest on debt.
The Rousseff administration is leaning in favor of a target
less than 1.9 percent of gross domestic product, but a final
decision has not yet been made, two government officials have
The government hopes this goal, smaller than in previous
years, would convince investors the administration is being more
realistic about a fiscal target that it has failed to meet in
the last two years.