# Brazil’s New Fiscal Plan Is Boosting the Real, Treasury Secretary Says | Brazil News Today

> Brazil's Treasury Secretary Rogerio Ceron said the new fiscal framework is boosting investor confidence and drawing foreign demand for local bonds. The real has risen 2.6% since the plan was announced, leading gains among emerging-market currencies. The framework caps spending growth at 70% of revenue growth, or 50% when budget targets are missed.

- Date: 2023-04-13 · published 2023-04-13T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/36627-brazil-s-new-fiscal-plan-is-boosting-the-real-treasury-secretary-says-brazil
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real makes dollar-priced Brazilian exports such as soybeans and corn relatively more expensive for importers and can slow farmer sales, a mild support for global prices. Falling interest rate expectations also weigh on the currency less than expected.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-04-24 | [Brazil woos sceptical foreign investors with new fiscal plan \| Reuters](https://feedsoft.ai/events/36625-brazil-woos-sceptical-foreign-investors-with-new-fiscal-plan-reuters.md) | -0.9% | -1.3% |
| USDBRL | 2026-09-25 | [Brazilian Real Strengthens Following Inflation Data — TradingView News](https://feedsoft.ai/events/17668-brazilian-real-strengthens-following-inflation-data-tradingview-news.md) | +0.7% | -3.0% |
| USDBRL | 2025-11-06 | [Brazil's real strengthens following rate pause; Mexico's verdict in focus — TradingView News](https://feedsoft.ai/events/22160-brazil-s-real-strengthens-following-rate-pause-mexico-s-verdict-in-focus.md) | -1.3% | +1.0% |
| USDBRL | 2021-11-18 | [Brazil's Guedes says political 'noise' weakening real currency \| Financial Post](https://feedsoft.ai/events/44255-brazil-s-guedes-says-political-noise-weakening-real-currency-financial-post.md) | +1.6% | +2.9% |
| USDBRL | 2022-07-07 | [Brazil real to firm, but pre-election fiscal loosening seen as risk - Reuters poll](https://feedsoft.ai/events/40694-brazil-real-to-firm-but-pre-election-fiscal-loosening-seen-as-risk-reuters-poll.md) | -1.5% | -3.4% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/brazils-new-fiscal-plan-is-boosting-the-real-treasury-secretary-rogelio-ceron-says/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.