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Brazil's Finance Minister Durigan says interest rates in Brazil are very high; possibility of Brazil facing recession in 2027 does not exist; goal is to reduce the debt/GDP ratio starting 2030, current debt level "not good"

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Brazil's Finance Minister ruled out a 2027 recession, targeting debt reduction by 2030 via fiscal adjustments to counter 14.75% interest rates despite ongoing trade and oil price pressures.

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Fiscal adjustment is the best way for the government to address the issue of high interest rates.

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