SAO PAULO, April 19 (Reuters) - Brazil's Treasury
Secretary Rogerio Ceron said on Wednesday that a new fiscal
framework proposed by the government was designed to last for a
long time, facing different economic and political cycles.
"It is a sustainable path, unlike past solutions that had an
expiration date," Ceron said in an interview with GloboNews,
adding the framework puts an end to doubts about whether
government spending would get "out of control".
Ceron said that government simulations showed Brazil's
downward debt trajectory starting as soon as 2026 under the new
framework, depending on monetary easing. In the most pessimistic
scenario, he added, debt would stabilize by 2029.
(Reporting by Eduardo Simoes; Editing by Steven Grattan)
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