Brazil's new finance minister Durigan pledges 'continuity'

March 20, 2026 4:46 PM EDT

Brazil's Executive Secretary of the Ministry of Finance Dario Durigan gestures during a ceremony to launch a digital platform for tax reform in Brasilia, Brazil January 13, 2026. REUTERS/Adriano Machado

BRASILIA, March 20 (Reuters) - ‌Brazil's new ​Finance ​Minister Dario Durigan said on Friday he will pursue "continuity" of the economic ‌policies taken by his predecessor, Fernando Haddad, ⁠who has left the role to run for Sao ‌Paulo state governor in ‌the October elections.

Durigan, a former deputy for Haddad, told journalists in his first public remarks ​as minister that commitment to the efficiency of public finances and credit model improvement ⁠are among his priorities.

He also advocated for a stronger presence of ​Brazil's Treasury in the international debt market, adding the country may issue sovereign ​bonds in European markets ‌later this year.

Durigan, who was sworn in as minister earlier in the ⁠day, assumes the role at a time when the Brazilian government seeks to address the effects of ⁠rising diesel prices, as oil costs soar due to ​the U.S.-Israeli war on Iran.

The new minister added that the administration of President Luiz Inacio Lula da Silva, which ‌last week cut federal taxes on diesel and had announced a subsidy ‌for diesel imports, could take fresh measures depending ⁠on how the ‌conflict evolves.

(Reporting by ​Bernardo Caram in Brasilia and Andre Romani in Sao Paulo, Editing by Iñigo ‌Alexander)



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