Brazil to focus on reducing debt burden, boost productivity

November 21, 2016 8:32 AM EST

Brazil's Finance Minister Henrique Meirelles attends an economics and politics forum in Sao Paulo, Brazil, September 30, 2016. REUTERS/Paulo Whitaker

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BRASILIA (Reuters) - Brazilian Finance Minister Henrique Meirelles on Monday said that the government will focus on reducing its surging public debt burden and later push ahead with reforms to increase productivity.

Speaking to business leaders at the presidential palace in Brasilia, Meirelles said the country needs to rebalance its public accounts to exit its worst recession in decades.

(Reporting by Alonso Soto; Editing by Chizu Nomiyama)

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