Home / Daily Briefs / 2015 / Barbosa replaces Levy as Brazilian finance minister

Barbosa replaces Levy as Brazilian finance minister

Barbosa replaces Levy as Brazilian finance minister

December 21, 2015 | Jennifer P. Roig
Former minister of budget and planning says fiscal balance will be top of the agenda, but analysts skeptical

People Corporate & Sovereign Strategy Brazil Economy & Policy

Brazil’s Joaquim Levy resigned as Brazil’s finance minister on Friday, after less than a year in the post, president Dilma Rousseff announced. Nelson Barbosa, minister of budget and planning, will replace Levy in the post. At a press conference on Friday, Barbosa said he would make striking a fiscal balance a central point of his tenure, adding that cutting public spending, debt and inflation were top of the agenda. But observers took the statements with skepticism. Capital Economics analys

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