Next Brazil Leader Needs Clear Debt Plan, Ex-Treasury Chief Says

Brazil’s next government will need to move quickly to present a credible fiscal plan to stabilize public debt, or risk unsettling financial markets, according to former Treasury Secretary Mansueto Almeida.

Almeida, currently chief economist at investment bank BTG Pactual SA, said investors do not expect presidential candidates to lay out detailed fiscal blueprints in an election year, but they do want signals of budget responsibility.