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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Joaquim Levy took over as Brazil’s new Finance Minister on Monday, January 5th, and announced that balancing public accounts is an essential condition for the country’s sustainable development and social economic growth. However, with the current economic state of the country, this will not be an easy task.

“The fiscal balance is indispensable to expand opportunities for the population, especially the youth,” he said in his first speech as Finance Minister, adding that the Subscribe to our Premium Membership Plan. Already Subscribed?