Brazil’s government will use R$3.5 billion ($1.5 bln) from its sovereign wealth fund to cover for a projected shortfall of revenue this year, the Planning Ministry said. Planning Ministry officials said the government made the latest move to cover a R$10.5 billion shortfall of revenue expected for 2014 and avoid further freeze of discretionary spending, which has totalled R$30 billion so far this year.  The government previously used the sovereign fund at the end of 2012, when it withdrew some R$12 billion to cover for a budget shorftall. The move to cover the revenue shortall this year comes amid growing concerns over the country’s economic growth and fiscal strength. Alongside the measure to tap the sovereign fund, the government cut its projection for the country’s economic growth this year to 0.9% from 1.8% seen previously. Meanwhile, Moodys ratings agency this month lowered its outlook for Brazil’s credit rating to negative from stable, signalling it could lower the rating from a current investment grade level of Baa2.