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Finance Minister of Brazil, Dario Durigan, stated his support for the inflation target set at 3% and mentioned possible changes regarding the relationships between the Ministry of Finance and the Central Bank.
During an interview with investment firm Warren Investimentos and Felipe Salto, the founder of economics website Economia & Mercado, Durigan shared his opinion about the possibility of modifying the country’s inflation target. In his statement, the minister expressed his unwillingness to revise the inflation target but mentioned potential room for improvement in the relations between economic authorities.
“I would not change the inflation target today, but I think there is a lot of room for improvement in this relationship between the economic team and the Central Bank“, said Dario Durigan.
Need for Coordination Between Economic Agencies
According to the official, close cooperation between the Ministry of Finance and other economic agencies could bring positive results in resolving various issues. In his opinion, joint work of different government agencies could contribute to the achievement of better results in economic regulation and supervision.
In recent years, the problem of increasing institutional cooperation has become particularly relevant as the process of modernization of the regulatory environment in different industries continues. The cooperation between economic agencies becomes especially important when dealing with issues requiring the intervention of both economic and financial authorities.
The minister emphasized the importance of institutional cooperation for better monitoring and managing risks.
Use of Illegal Betting Platforms for Financial Activities as an Example
Durigan highlighted the ongoing work of Brazilian authorities aimed at addressing the problems related to illegal betting operations in the country. Currently, Brazilian financial authorities are paying particular attention to the enforcement of the law in order to suppress the activity of operators that violate the existing regulations regarding the organization of gaming activities on the regulated Brazilian market.
“For example, we are currently discussing betting enforcement. It is important that the Central Bank is very closely involved because the money from these illegal betting operators moves through the financial system. Therefore, there needs to be convergence in our actions“, Durigan said during the interview.
As a rule, the funds raised by illegal betting operators are sent through regulated payment networks to financial organizations where they can be managed according to the laws and requirements established within the financial industry. For this reason, the process of suppression of betting activity requires the joint work of financial regulators and gambling authorities.
Ongoing Enforcement of Federal Gambling Legislation
Since 2025, Brazil’s betting market has operated under the new federal gambling regime. Despite the fact that the regulated market of gambling activities has existed for several years, some problems concerning unauthorized operators continue to be of interest to Brazilian authorities.
At present, government agencies focus their attention on developing mechanisms aimed at detecting financial flows of unauthorized operators. Financial and law enforcement authorities pay particular attention to the issue and try to collaborate actively to solve problems related to illegal gambling operations.
Source: BNL Data
