The finance ministry said in a statement that achieving a minimum primary surplus was "indispensable," adding that it remained confident Brazil's economy would return to growth after Fitch Ratings downgraded Brazil's debt to junk.
Fitch Ratings stripped Brazil of its coveted investment grade rating on Wednesday, the second agency to do so this year as Latin America's biggest economy sinks deeper into its worst recession in a generation.
The deeper-than-expected recession, adverse fiscal developments and increased political uncertainty led to the downgrade, Fitch said in a statement. Rival agency Standard & Poor's downgraded Brazil to junk this year.
Brazil debt insurance costs rose and its Eurobond prices fell across the curve on Wednesday after Fitch's announcement - the second ratings agency after Standard & Poor's to downgrade its debt to junk status.