The 2027 Budget of the Brazilian government incorporates a real fiscal effort, with a forecast surplus of R$ 18.6 billion. This value represents a significant change in relation to the country's recent fiscal trajectory.
The context is fundamental to understanding the magnitude of this effort: Brazil is coming out of a deficit of R$ 52 billion projected for the current year, which means that the real improvement in public accounts is R$ 70.6 billion.
This difference between the inherited deficit and the projected surplus demonstrates the path taken by the government in terms of fiscal adjustment over the period.
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