04-12-2014 21:54 via news.yahoo.com

Brazil's Levy aims for fiscal credibility with new estimates

By Anthony Boadle and Alonso Soto BRASILIA (Reuters) - The Brazilian government aims to bolster its fiscal credibility using more moderate economic growth estimates to set future savings goals, a government official briefed on the decision told Reuters on Thursday. President Dilma Rousseff's government used estimates from private economists to set its primary surplus goals for the next three years, according to the new 2015 federal budget guidelines. It slashed its 2015 growth estimate to 0
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