The Ministry of Finance made available this week the Medium Term Fiscal Framework (MTFF) 2024-2029 for the Central Government and Non-Financial Public Sector, which was defined as a strategic planning and management tool for public finances, essential for the consolidation process, the management of fiscal policy and the promotion of a stable and predictable macro environment.
This instrument provides a framework for assessing risks and defining fiscal policies consistent with economic and growth objectives, in addition to generating "signals" that help identify deviations in fiscal projections, in order to propose the appropriate corrective and policy measures.
Among the Framework's indicators, the Central Government debt is projected to decrease from 61.1% of GDP in 2023 to 49.7% in 2029, as well as other goals such as revenue dynamism, total expenditure containment, lower interest payments, reduction of the financial deficit and others.