Brazilian President Lula da Silva expressed ambivalence about strictly adhering to Brazil’s fiscal targets, noting that he is “not obligated to set a goal and stick to it” if other priorities arise. However, he affirmed his commitment to eliminating the primary fiscal deficit this year and in 2025. Amid investor concerns over Brazil’s fiscal management, his government announced a cut of USD 4.8 bln in next year’s spending to reassure markets.