BRASILIA, Aug. 29 (Xinhua) -- The Brazilian government has forecast 4 percent growth in gross domestic product (GDP) and a target primary public-sector surplus of 2.1 percent in 2014.
Finance Minister Guido Mantega said meeting the projections, contained in the proposed 2014 budget sent to Congress Thursday, depended on economic activities in Europe and the United States.
Mantega admitted the 4 percent forecast was long-range and ambitious, given the problematic international economic climate, but said the figures would be revised again at the beginning of 2014.
Brazil reduced its GPD growth forecast for 2013 from 4 percent to 2.5 percent 10 days ago.
According to the proposed 2014 budget, the target fiscal surplus will drop from 2.3 of GDP this year to 2.1 percent in 2014, the lowest level since 2009.
Also Thursday, Brazilian Minister of Planning Miriam Belchior proposed a 6.6-percent minimum wage increase beginning on Jan. 1, to raise basic income from 678 reals to 722.9 reals (or from 288 U.S. dollars to 308 dollars).
Belchior said the wage increase was based on a 2011 law, which requires the annual minimum wage adjustment to consider the previous year's inflation rate and GDP growth from past years.
The proposal has been delivered to Senate President Renan Calheiros for inclusion in the 2014 budget.