Brazil needs to finish its fiscal adjustment before seeking growth, and must reflect on economic risks generated by public spending, Finance Minister Joaquim Levy said as Congress reconvenes following a recess.
The country needs fast reforms, and President Dilma Rousseff has assumed the popularity cost of doing what’s necessary to restart growth, Levy said at an event in Brasilia. Brazil’s fiscal adjustment is a result of the country’s economic weakness and didn’t provoke a slowdown, he said.

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