Brazil Planning Minister: 2027 Fiscal Target Non-Negotiable, New Measures Under 2% of LOA

Brazil's Planning Minister Moretti reaffirmed the 2027 fiscal target as non-negotiable, stating that newly announced measures, including a Bolsa Família adjustment, represent less than 2% of the Annual Budget Law (LOA). This signals fiscal discipline amid market concerns over spending, but the actual impact on the primary surplus remains uncertain.