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Investing.com -- Brazilian Finance Minister, Fernando Haddad, announced on Tuesday that he intends to present a set of "structural, lasting measures" to President Luiz Inacio Lula da Silva. These measures are aimed at helping to balance the country’s public accounts.
The announcement comes as investors have been eagerly waiting for new initiatives, following the government’s decision last month to increase taxes on certain financial transactions. This move, intended to meet fiscal targets, faced criticism and potential reversal from lawmakers.
While Haddad did not provide immediate details on these new "robust" measures, he confirmed they have received support from congressional leaders. The measures will undergo some refinement in a meeting with President Lula before an official announcement is made.
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