Brazil’s Finance Minister Dario Durigan said the country would maintain its fiscal framework through spending controls and revenue recovery if President Luiz Inacio Lula da Silva’s administration wins another term in the October election. Durigan said the administration had already made a fiscal effort equivalent to 2% of GDP and was prepared to repeat an effort of the same magnitude. Discussions with Congress have produced adjustments aimed at cutting mandatory spending by around 10 billion reais ($1.9 billion) in 2027. He said continued institutional dialogue could reduce spending and broaden the revenue base fairly enough to deliver a positive result as early as next year. Durigan also said Brazil must address interest rates to tackle inequality, while lower borrowing costs could help reverse the trajectory of public debt. The central bank cut its benchmark interest rate by 25 basis points at the start of the month, the fourth consecutive meeting with a reduction, bringing the rate to 14.00% while leaving future moves open.